Lucas Puente

Detroit's Bankruptcy: A Political Decision?

20 Jul 2013

Detroit is bankrupt. The city filed its ch. 9 paperwork on Thursday afternoon after Kevyn D. Orr, the city’s emergency manager, and Governor Rick Snyder deemed that to be the only “viable option” left. This is a fascinating situation, given its magnitude (this is the largest municipal bankruptcy ever) and political implications (who is Orr really answering to?). Stay tuned.