Quote Originally Posted by Danny View Post
Its too late how the Detroit City Council can fix on their severe financial problems. They are 20 billion dollars in the hole. They will run out of cash by April 1st and a hostile takeover for Snyder, the nerd's Emergency Manager will close the coffin on Detroit's self government since 1701.
Don't know if your $20,000,000,000 figure is correct but if it is then every one of the 700,000 men women and children in Detroit is in the hole for approx. $30,000. There is no EM that will be capable of getting round that. The Detroit administrations for many years had to know where this was going but they didn't have the personal stature to draw attention to it. It's too late now for an EM. Bankruptcy is the only way.