Clash of the Blue Titans in Detroit | Via Meadia

It can take a while, but it is possible to ruin a prosperous place and people.

Blue power is in big trouble in Detroit, where the threat of bankruptcy has both public sector unions and municipal bondholders at the barrel of a gun. Mary Williams Walsh’s report in the NYT today makes it clear that unless unions can find a way to make other creditors take all the pain, they’re going to be faced with a serious crisis:

via Clash of the Blue Titans in Detroit | Via Meadia.

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