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  1. #1

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    If Detroit's present population is about 750,000 and 85% are black, 85%=637,500. I don't know what the zenith of black population was in Detroit but everyone in excess of 637,500 has already left Detroit as has most of the white population. While this acknowledgement does nothing to help black Detroiters in their relationship with banks, at least we know that many blacks are able to and have left for other options. Detroit is not quite the prison described.

    Banks and other creditors aren't going to get what is due them one way or the other. However, it makes little sense to drive banks into bankruptcy for trying to enforce their end of mostly voluntary contracts. Our politicians would probably, once again, rush to the banks' rescue with loans payable by our children. If necessary, it would make more sense to subsidize Detroiters directly instead of indirectly by shoring up banks.

  2. #2

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    Quote Originally Posted by oladub View Post
    If Detroit's present population is about 750,000 and 85% are black, 85%=637,500. I don't know what the zenith of black population was in Detroit but everyone in excess of 637,500 has already left Detroit as has most of the white population. While this acknowledgement does nothing to help black Detroiters in their relationship with banks, at least we know that many blacks are able to and have left for other options. Detroit is not quite the prison described.
    According the 2010 Census Detroit's population now stands at 713,000 in 2012 its population is still shrinking to over 696,000. It's Black population now stands at 550,000. In 1990 Census, Detroit's black population was at 777,000. From 1990 to 2010 black flight was accelerated by 227,000. Over 194,000 were middle income blacks; that leaves about 33,000 low-income blacks left the city. Over 550,000 blacks who now living in the Detroit 376,000 are middle income while 174,000 are in low-income [[about).

    Now as you quote about Detroit as not a prison to black folks. It's a prison to black folks if they don't educate themselves, find a decent job and have money to leave. Middle income black Detroiters can leave the city if they want to. They have an education, job and money to do so.

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