Saturday, June 01, 2013

Detroit Sinking?

Desperation has hit a new low in Detroit.
Last week, Emergency Manager (and bankruptcy lawyer) Kevyn Orr decided to list the holdings of the Detroit Institute of Arts among the city’s assets in preparation for a possible bankruptcy. If the city goes through with it, it could be forced to sell off any of its assets—which now include the museum’s collection.

Read the rest of The American Interest article here.

[HT: Instapundit]

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