β Scribed by Bomey, Nathan
No coin nor oath required. For personal study only.
At exactly 4:06 p.m. on July 18, 2013, the city of Detroit filed for bankruptcy. It was the largest municipal bankruptcy in American historythe Motor City had finally hit rock bottom. But what led to that fateful day, and how did the city survive the perilous months that followed?
In Detroit Resurrected , Nathan Bomey delivers the inside story of the fight to save Detroit against impossible odds. Bomey, who covered the bankruptcy for the Detroit Free Press , provides a gripping account of the tremendous clash between lawyers, judges, bankers, union leaders, politicians, philanthropists, and the people of Detroit themselves.
The battle to rescue this iconic city pulled together those who believed in its futuredespite their differences. Help came in the form of Republican governor Rick Snyder, a technocrat who famously called himself one tough nerd; emergency manager Kevyn Orr, a sharp-shooting lawyer and yellow-dog Democrat; and judges Steven Rhodes and Gerald Rosen, the key architects of the grand bargain that would give the city a second chance at life.
Detroit had a long way to go. Facing a legacy of broken promises, the city had to seek unprecedented sacrifices from retirees and union leaders, who fought for their pensions and benefits. It had to confront the consequences of years of municipal corruption while warding off Wall Street bond insurers who demanded their money back. And it had to consider liquidating the Detroit Institute of Arts, whose world-class collection became an object of desire for the citys numerous creditors. In a tight, suspenseful narrative, Detroit Resurrected reveals the tricky path to rescuing the city from $18 billion in debt and giving new hope to its citizens.
Based on hundreds of exclusive interviews, insider sources, and thousands of records, Detroit Resurrected gives a sweeping account of financial ruin, backroom intrigue, and political rebirth in the struggle to reinvent one of Americas iconic cities.
All Identifiers : goodreads:32191746, isbn:9780393354430
Number of Words in Auth: 2
Formats : EPUB
Number of Formats : 1
Has Cover : Yes
Single Author : Nathan Bomey
Original Source : New_Files_Oatmeal_11_24_PM
Sorted Author by LN, FN: Bomey, Nathan
Title Length : 042
Title Parm D : Detroit Resurrected_To Bankruptcy and Back
Title Parm F : Detroit Resurrected_To Bankruptcy and Back
Title Parm A : Detroit Resurrected_To Bankruptcy and Back
Title Parm B : (
ES Lib Name : NIRC 2019-11
Record ID : 21234
Uncomma Author : Nathan Bomey
Num of Aut : 1
Detroit (Mich.) -- Politique et gouvernement -- 21e siècle
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