The same people who ripped it off:
"The final plan came after months of negotiations with banks, bond insurers, unions, and groups representing thousands of retirees. It’s bolstered by a unique promise of $800 million from foundations, major corporations, and the state to soften pension cuts and prevent the sale of city-owned art.
You might want to update yourself regarding the Detroit arts and pensions.
Of course, it is the "decades of population loss, a chronic loss of tax revenue, and piles of debt that couldn’t be managed" that are cited for the reasons for Detroit's bankruptcy.
Related: Looting the Pension Funds
Oh, "all across America, Wall Street is grabbing money meant for public workers." That makes $en$e of the whole campaign for givebacks and higher premiums that were waged against unions a few years ago.
Gee, how interesting it is that Rolling Stone is now in so much trouble over a bogus rape story after that article?
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