My guess is that neither will be allowed to fail, though the reality of the situation is that any bailout by the Feds will do only one thing, prevent the inevitable collapse of both. Sure, it's going to be painful, but both companies deserve to fail and no amount of taxpayer money is going to suddenly change things. I have little sympathy for Detroit, they made their bed, and even less sympathy for banks, but I'm also mindful that there are real men and women working at those places and so maybe we should start figuring out how to help them once GM and Citi, among many others, go belly up.
Detroit, A City Of Ruins
Here's a great site that documents a once proud city and it's descent into ruin.
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