Snyder: bring 50000 immigrants to Detroit

[Gistok]

Sure, bankruptcy is all sunshine and rainbows. Hell, with the way you depict it, why shouldn't every city declare bankruptcy? Creditors cut you deals and continue lending to you like nothing ever happened.

Or not.

As a creditor, I'd imagine that you'd have much, MUCH tougher requirements for Detroit now. Detroit's population loss has yet to display any signs of bottoming out, and it's now proven that the state and federal government are only willing to go so far to bail Detroit out when it screws up financially. What's your incentive to float a loan so the city can fix streetlights on Fenkell?

Individuals looking to start businesses in recovering areas will still be able to get their hands on loans, of course, but the city is certainly going to have a rougher go of it.

Who says the city is having a rougher go of getting bond money for streetlight repairs due to the bankruptcy??
http://www.clickondetroit.com/news/p...e/-/index.html

It may not be all sunshine and rainbows.... but it's sure a lot less bleak than the picture you paint....