NEW YORK ( TheStreet) -- While many chime in with "about time" and "good riddance" regarding Detroit's bankruptcy, it's truly a sad conclusion to a once-booming economic city. In the 1940s and 1950s, the city relished in the limelight as automakers like Ford (F - Get Report), General Motors (GM - Get Report) and Chrysler made Detroit into the great city that it was.When U.S. automakers started to lose their footing in the market a few years ago, it was only the accelerant on an already collapsing city. The straw that broke the camel's back. The fuel thrown on an already raging fire.
Detroit Bankruptcy Is Sad, Not Pathetic
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