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Is not Detroit too Big to Fail?

Is not Detroit too Big to Fail?

Detroit’s debt is estimated as high as $20 billion USD. The AIG bailout alone was $182 billion USD. Why can we not bail out Detroit, thereby saving its pension funds, schools, factories, roads, and not least, the people?

AIG has 63,000 employees. Detroit has 700 thousand residents. Is not Detroit, “too big to fail?”

Detroit becomes largest US city to file for bankruptcy (BBC)

Copyright © 2013 Henry Edward Hardy

18 July, 2013 Posted by | AIG, bailout, Detroit, media, news, politics, scanlyze, too big to fail | , , , , , , , | Leave a comment