it has been going on for decades. you ve had a huge population decline, population down 63% in the past six decades, fewer people paying taxes, the decline of the auto sector, corrupt politics, wasted money. the governor issued this letter that just came out saying that he does not see any alternative for detroit other than to file for bankruptcy saying it the only reasonable choice at this point in time because the financial situation has gotten so dire in the city of detroit. he also, though, pointed to this being a potential fresh start for the city of detroit. that s the hope. this goes to a bankruptcy judge, a federal bankruptcy court judge, who will have to approve a plan for detroit to emerge from bankruptcy. but the impact, what is the impact to real people here? city workers, current and retired, will likely see their pensions cut probably dramatically and their health care benefits cut as well. creditors, investors, everyone