BANKRUPT: Detroit files for Chapter 9 bankruptcy Well, it was - TopicsExpress

BANKRUPT: Detroit files for Chapter 9 bankruptcy Well, it was only a matter of time, but the city of Detroit became the largest city in U.S. history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection yesterday. Just 50 years ago, Detroit was the richest city in America and the birthplace of the middle class. Needless to say, once the progressives got involved, it all went downhill.

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