More U.S. cities could be bankrupt soon

Posted by & filed under Environment, Planning, Social Responsibility, Video Report.

Description: Richard Ravitch, adviser to the Detroit bankruptcy judge, discusses why more cities might be moving towards bankruptcies.

Source: CBC

Date: June 02, 2014

Video Link:http://www.cbc.ca/player/News/Business/ID/2461765335/?page=2

Questions for Discussion:

  1. What are some of the reasons why cities go bankrupt?
  2. Is it the job of the government to bail out cities?
  3. Who should be held accountable when cities go bankrupt?

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