Once an iconic American success story, Detroit U.S.
“Everything that can go wrong, went wrong," said Fresno City Councilmember Lee Brand.
For Brand, the tragic story ofDetroit Detroit Fresno Detroit Fresno Detroit
"It's very hard for cities and municipalities to do any long term budgeting but that would have been very helpful in this case," said financial analyst Henry Nishimoto.
Poor planning helped bankruptStockton San Bernardino
"There is no way a city can cushion itself and insulate itself from a national recession like we just experienced," said Nishimoto.
“Everything that can go wrong, went wrong," said Fresno City Councilmember Lee Brand.
For Brand, the tragic story of
"It's very hard for cities and municipalities to do any long term budgeting but that would have been very helpful in this case," said financial analyst Henry Nishimoto.
Poor planning helped bankrupt
"There is no way a city can cushion itself and insulate itself from a national recession like we just experienced," said Nishimoto.