Detriot files Chapter 9 Bankruptcy

[the_leander]

Red, crooks will wear whatever label they need to gain your trust. They'll like the sports teams you like, vote the way you vote, have the same religion, and they'll do it that way because stealing stuff from you is actually much less profitable than talking you into handing stuff over. If you rob a guy you can only steal everything he has. If you can get a guy to trust you, you can get him to hand over all his money and then take out a giant loan to hand over more.

Indeed.

Not as bad as Detroit by a long stretch, but the demographics and history of that city seem to be concentration of bad practices, coupled with long term racial tensions, large scale corruption, along with an exodus creating a perfect storm of clusterf**k.