3 ms·
It was headed that way before the bankruptcy, though. People moving out caused the default, not the default causing people to move out. The point is that Detr
by msandford 11y ago
It was headed that way before the bankruptcy, though. People moving out caused the default, not the default causing people to move out.
The point is that Detroit going broke didn't bring all the capital markets in the US to their knees. It's definitely not good that Detroit went broke. But it didn't break the US economy.