CBN News – Detroit Officials Defend Bankruptcy Decision

23 Jul

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Detroit city officials spent the weekend defending their decision to file for bankruptcy. Last week, the metropolis became the largest U.S. city to take that step, but a state judge blocked the move.

When a city as large as Detroit fails, it doesn’t happen overnight.

Is the bankruptcy filing a good thing for Detroit? Bill Frezza, a Boston based venture capitalist and fellow at the Competitive Enterprise Institute, talks about this and more, on CBN’s Newswatch, July 22.

Click here, to watch, Bill’s comments begin at the 2:30 mark.

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