Friday, July 19, 2013

The City Of Detroit Files For Bankruptcy (Video)

The economic downturn in America has claimed another victim – the City of Detroit. It has just been announced, the City of Detroit has filed, "The largest municipal bankruptcy case in U.S. history." The once prosperous city, famous for its cars, booming auto industry and Motown, has seen hard times since the financial crisis in 2008, leading to job losses and widespread urban decay. Detroit needs an intervention from Washington to save it.