Detroit Resurrected: To Bankruptcy and Back
| Author | : | |
| Rating | : | 4.55 (978 Votes) |
| Asin | : | 0393248917 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2014-07-31 |
| Language | : | English |
DESCRIPTION:
And his unpacking of it here is superlativenot only the sordid history and mechanics of how and why Detroit went broke, but also how it got through court-supervised restructuring and emerged in a position to do better by its residents. “Nathan Bomey's Detroit Resurrected is the most thoroughly reported account of the largest municipal bankruptcy in American history. … Bomey deftly elucidates the intricacies of law and finance that shaped the case while painting colorful profiles of the principals and their sharp-tongued, profane wrangling (and occasional fits of conscience). Scrupulously fair to all parties and their grievances, Bomey reveals that behind the
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 America’s iconic cities.. 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. It had to confront the consequences of years of municipal corruption while warding off Wall Street bond insurers who demanded their money back. 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. Help came in the fo
"The most complete story of Detroit's collapse and (maybe) recovery" according to Tony Proscio. An excellent tick-tock of Detroit's bankruptcy, and a detailed, fair description of the many colorful characters involved. If you're interested in Detroit, in urban governance, in bankruptcy law, or just how a community responds to (a partly self-made) catastrophe, you'll find this book hard to put down. The only shortcoming is in its description of the dubious financi. Fascinating look at my hometown's comeback James M. Rosen A behind-the-scenes account of the biggest municipal bankruptcy in American history, written by a journalist who covered it blow by blow. The writing is a bit clunky at times, but the reporting is first-rate, filled with great details and compelling anecdotes.. Gripping as a detective mystery Well-written account of Detroit's bankruptcy saga and all the players. I could hardly put it down.
Nathan Bomey, a journalist at USA Today, was the lead reporter on Detroit’s bankruptcy and General Motors for the Detroit Free Press. . He lives in the Washington, DC, area