Wave hits . All that and more on nightly Business Report for friday, july 19th. Good evening everyone. Im sue herrera. Susie gharib is off tonight. The day after the largest municipality in the bankruptcy history and today, the reality how bad things are in detroit and how bad they can get. How much will bondholders recover and what about the pensions of current policemen, firemen and other city workers . The unknowns with the growing number of lawsuits being filed, they will likely take years to shake out. Brian sullivan is on the ground in detroit where city and state officials are hoping this drastic move will save the city. For years detroit is living on borrowed money and time and now it seems the city may have run out of both. Detroit filing the largest municipal bankruptcy in the United States listing billions in obligations, hundreds of millions in deficits and 100 thousand or more creditors. They blame the declining population, which sent the population down by more than half
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