Detroit filed the largest-ever municipal bankruptcy in U.S. history on Thursday (July 18, 2013), marking a new low for a city that was the cradle of the U.S. automotive industry and setting the stage for a costly court battle with creditors. Please share and watch the historic video to better understand how financial and political misnanagement had created bankruptcy for Detroit: https://m.youtube.com/watch?v=L64ypDX0PCU