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Thread: Detroit goes bankrupt

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    Detroit goes bankrupt

    Calling it the lowest point in Detroit history but a chance to stabilize a city spiraling into decline for decades, Michigan Gov. Rick Snyder announced Thursday that the state-appointed emergency manager had filed for Chapter 9 protection. The move makes Detroit the largest city in the nation to file for bankruptcy.

    Detroit bankruptcy: 'Enough is enough,' governor says of decline - latimes.com

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    Didn't see that one coming
    He who has the money, signs the cheques.
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