A video created by a Taiwanese animation company illustrates how nations abroad view the current Detroit bankruptcy fiasco.
The company, called NMA Animation, routinely pokes fun at the news of the day in satiric fashion. The video depicting Detroit economic problems was posted a pointed You Tube video with the following description:
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 [sic] 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.
Near the end of the video, the narrator is translated saying, “Governator Snyder called the filing a last resort to return the city to financial and civic health. If that’s the case, maybe everyone in America should just go bankrupt.”
What do you think of the video?