Compare the Detroit bankruptcy with the Wall Street bailout. The banks got trillions for bailouts. The bankers even got huge bonuse out of that bailout money
But in Detroit old people will lose pensions.
It’s about priorities.
Compare how the different situations were handled, who was helped, who paid. Detroit will have to “restructure” and sell off public property. Which banks were restructured, had to change the way they did business, give their property to the government, etc?
Will people in Detroit get bonuses like the bankers got?