Nolan Finley thinks Detroit hasn't sufficiently paid for the sins of filing bankrupt.

[bailey]

If that's what he meant then he should have said that, no? I think most in and around Detroit would agree that there is much work to be done. I don't think most in and around Detroit would agree that Detroit hasn't suffered far more than any bank under the factors that led it into bankruptcy, which is what Finley seems to suggest.

I'm not sure if the suffering leading up to Bankruptcy is the issue. The point is the banks [[rightly, IMHO) took a substantial haircut but, the citizens of Detroit aren't going to see anything but BETTER services and maybe even lower taxes for those services [[hopefully). I think there is a the legit point here... if the total burden falls on the lenders and non-resident retirees, where is the impetus for Detroit politicians to make the hard changes so that Detroit doesn't end up right back where it was?