Tip'd

A community for financial news, ideas, and tips

Welcome to Tip’d, a social media site for finance, investing, and business topics. Want to participate? » Join Tip’d now! or read our FAQ.

Detroit's Day of Reckoning (with Thanks to David Halberstam)

Well, it looks like the jig is up, the party's over, the lights are out and Detroit has left the building.
And instead of a $25 or $50 billion golden goose, it appears Chapter 11 bankruptcy, which allows a company to stay in business while they reorganize with a government overseer, seems to be where the Detroit Three are headed.
addto Save & Share   Topple Spam? Topple this!

Comments Who Tip'd