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A comment on Detroit files for Chapter 9 bankruptcy amid staggering debts . Parent comment

Re:Detroit files for Chapter 9 bankruptcy amid staggering de... by angersock on Thursday July 18, 2013 @05:52PM (#6066795)
Had family who lived in that area during the late 60s--do you have any thoughts on why Chicago bounced back and Detroit did not?

My hunch would be being less invested in the auto industry and more in general trade and banking.

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Re:Detroit files for Chapter 9 bankruptcy amid staggering de... by tptacek on Thursday July 18, 2013 @06:05PM (#6066874)
Exactly that; Chicago has a diverse economy that isn't as dependent on manufacturing; Chicago is also a finance center and a transportation hub, neither of which hurt.
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