- Associated Press - Thursday, April 17, 2014

DETROIT (AP) - A judge overseeing Detroit’s bankruptcy is interviewing experts to advise him in the case, including former New York Lt. Gov. Richard Ravitch.

Ravitch is traveling to Detroit on Friday to meet Judge Steven Rhodes. He and other candidates will be interviewed in open court.

The 80-year-old Ravitch has had a long career in public service in New York and has been outspoken about financial risks faced by states and local governments. He tells The Associated Press that many promises “honorably made” no longer can be afforded.

Ravitch says Detroit is the most dramatic example of “what happens when you kick the can down the road.” He says he would work on the bankruptcy case for free if picked by the judge.

Copyright © 2016 The Washington Times, LLC.

blog comments powered by Disqus

 

Click to Read More

Click to Hide