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Detroit goes bankrupt declares Chapter 9

Detroit made history on Thursday by becoming the biggest municipality in U.S. history to file for bankruptcy protection under Chapter 9 of the U.S. Bankruptcy Code. The Motor City used to be the country's fourth-largest city in the country during the 1950s with almost 2 million residents, but the numbers have tumbled down to around 700,000 as residents exit en masse due to rising crime and deteriorating basic services. ----------------------------------------­----------------------------------------­Daily videos brought to you by THE Taiwanese Animators behind the infamous Tiger Woods animation. We got the funniest animations on the web to help you stay in-the-know on all the trending stories, so sit back, relax, and watch a few.Visit our channel for your daily dose of Taiwanese Animations: all your news was animated? Subscribe now:'t get enough of Taiwanese animations? Connected with us here:Facebook @nmatv http://nmatv.tumblr.comGoogle+

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