The Truth about the Big D...........

[Pukka Sahib]

If you knew the amount of claims trading going on with the Detroit Chapter 9 bankruptcy case, you'd be more sanguine about the future of the city.

[piece-itpete]

Originally Posted by BlueStreak

Okay. Everyone is to blame but management. They are always the hapless victim of fate. Got it.

Dave

No kidding. Their arrogance was breathtaking.

Pete

[BlueStreak]

Originally Posted by Pukka Sahib

If you knew the amount of claims trading going on with the Detroit Chapter 9 bankruptcy case, you'd be more sanguine about the future of the city.

I'm sanguine about it despite my ignorance of the details and specifics. I'm sanguine because it's a case where the assumption of failure has become self perpetuating. Very few businesses will even consider Detroit and people will only move TO Detroit if they absolutely HAVE to, based on negative reputation alone.

That sort of thing is extremely difficult to overcome.

Dave