The Craig Fahle Show

Judge Rules that Detroit is Insolvent, Eligible for Historic Chapter 9 bankruptcy

In what is a historic moment for the city of Detroit, Judge Steven Rhodes ruled that Detroit is insolvent and allows for the largest municipal bankruptcy in U.S history. Rhodes also ruled that pensions can be subject to bankruptcy proceedings. Craig spoke to callers about their feeling on whether or not the people of Detroit winners or losers because of this decision.