Detroit in Default: The Many Facets of Decline

One Detroit Center

We all know about how the Auto Industry Bailout, which started out with Cash for Clunkers program, but what you may not know about is how, after at LEAST $14 Billion stolen from you and your neigbhors was stuffed into the coffers of the rotting corpses of the Big Three, the City of Detroit will now be defaulting on payments to its bondholders!

I hope to discuss the possible causes of this economic malaise that seems to have settled upon this once vibrant and cultured city, and perhaps come up with ways that Detroit can bounce back from the woeful problems it, as a geographic region, can work towards prosperity.

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