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Forever local government, for orgd labor, for the Municipal Bond market. But Governor Snyder says in the end there was no other viable option. Many people may say this is the lowest point this detroits history. But if we werent to do this, the way i view it detroit would continue going downhill oig. And so isnt is it time to say lets stop. Governor rick scott had appointed kevin orr a financial manager who youll hear from in a moment to detroit with the fiscal mess and orr had tried for weeks to head off todays filing trying to negotiate agreements with the citys creditors including bond holders and municipal pensioner, but to no avail. Todays filing begin as three month process where a federal judge decides if the city is eligible for chapter 9 bankruptcy. If the judge agrees, the process could take years and could set precedence across the country. Today dave bing called the filing difficult but a process that could in the end make citizens better off. The white house says it is clos

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