"The City Is On The Verge Of Collapse" - East Cleveland Is Begging To File For Bankruptcy | WHAT REALLY HAPPENED

"The City Is On The Verge Of Collapse" - East Cleveland Is Begging To File For Bankruptcy

With Detroit emerging from bankruptcy yesterday, its experience under Chapter 9 was apparently so successful (occasional subsequent massive power outage notwithstanding), that suddenly every other insolvent city in the US is also i) admitting it is in dire straits and ii) hoping to recreate the Detroit experience.

Webmaster's Commentary: 

"Success" being described as the transferring of public assets into the bankers' hands!

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