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No, Detroit is broken.
Bing administration: Detroit could be broke within a week
Detroit— The city could run out of cash by next Friday if the dispute over a lawsuit challenging the consent agreement isn't resolved, opening the door to a state takeover, Mayor Dave Bing's administration said today.
Bing, who spoke this morning flanked by high-ranking members of his administration, said he has urged the city's top lawyer to drop the lawsuit but added he is powerless under the new city charter to force Krystal Crittendon to comply. Political pressure on her would not work, he said. [more]
All the King's horses and all the King's men....