Only Wall Street Wins in Detroit Crisis Reaping $474 Million Fee – Bloomberg 03-13-13

Salient to Investors:

The only winners in the financial crisis that brought Detroit to the brink of state takeover are Wall Street bankers who reaped more than $474 million from a city too poor to keep street lights working.

Detroit’s population peaked at 1.85 million in 1950 and now is 700,000.

Read the full article at  http://www.bloomberg.com/news/2013-03-14/only-wall-street-wins-in-detroit-crisis-reaping-474-million-fee.html  

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