Quote Originally Posted by mwilbert View Post
I have to disagree with your implication here. I doubt the vast majority of Detroiters would notice any difference between a consent agreement and a bankruptcy.
Hm. Well, your post gave me some pause. I guess after thinking about it, you're right. The vast majority of Detroiters won't notice any substantive difference between the choices made in a consent agreement, and EFM, or a bankruptcy.

The point that I think gets lost is that the first two are much, much quicker. A municipal bankruptcy can drag out for years.

But I guess to your point...if most Detroiters won't notice any difference...then why are they fighting for bankruptcy?