http://www.bbc.co.uk/news/world-us-canada-23369573
I suppose the corruption and such has finally brought it to its knees.
Could we see an Eurozone style bailout fund for deprecated US cities?
Funnily enough as the analysis says, business is actually picking up in the city, I wonder if the Fed will just sell the city to whoever wants it...
(Also i do realise posting this at almost 2AM is not conducive to any thread)
BBC News said:The US city of Detroit in Michigan has become the largest American city ever to file for bankruptcy, with debts of at least $15bn (£10bn).
I suppose the corruption and such has finally brought it to its knees.
Could we see an Eurozone style bailout fund for deprecated US cities?
Funnily enough as the analysis says, business is actually picking up in the city, I wonder if the Fed will just sell the city to whoever wants it...
(Also i do realise posting this at almost 2AM is not conducive to any thread)
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