(WXYZ) - The man who led the restructuring of General Motors and Chrysler is urging both the state and federal governments to help Detroit.
The comments from Steven Rattner came in an opinion piece titled "We Have to Step In and Save Detroit" posted on the website of the New York Times .
In the piece, Rattner writes that reluctance by the state and federal government to provide "financial assistance" to Detroit is "a mistake."
No one likes bailouts or the prospect of rewarding Detroit’s historic fiscal mismanagement. But apart from voting in elections, the 700,000 remaining residents of the Motor City are no more responsible for Detroit’s problems than were the victims of Hurricane Sandy for theirs, and eventually Congress decided to help them.
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