Mich. Gov. Says Bankruptcy Right Choice for Detroit
The gravy train is not coming
Michigan's governor knew he had the power to make Detroit's bankruptcy filing contingent on protecting pensions but chose not to exercise that power.
That's one of the admissions Gov. Rick Snyder made in federal court Monday as lawyers grilled him on why he authorized the bankruptcy filing — the largest municipal bankruptcy filing in U.S. history — and whether he took any steps to make sure the pensions of city workers would not be hurt. Snyder's appearance on the witness stand is a first for a Michigan governor still in office.