DETROIT (AP) — A bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring has been chosen to steer Detroit out of its financial abyss. The distressed city, which was once one of the nation’s most prosperous manufacturing centers, is now the largest U.S. city to have its finances placed under state control.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=91181