It's always that Bad Banks

I've been following the news regarding Detroit's bankruptcy filing. I find it amazing, but not surprising, that big banks and business is being blamed. Now, it can't possibly be anything else.

How about a little insight?

The city has been run by progressives for the last 50+ years.
Progressives believe in helping people
When unions threatened to strike, lucrative contracts were awarded
    Cash
    Benefits
    Work rules
When the city income went down, the city borrowed to pay the contracts and the unions refused to budge.
Now the city has a huge debt, can't pay its obligations, and has filed for protection.

Now, where in there are big banks and business mentioned? Uh, you're right... they're not.

Even now, when the EM went to the unions, his offers were rebuffed. There was anger and accusations but the same mindset that resulted in the mess the city is in prevailed. They were there with their hands out when times were good, but they're not willing to give back when times are bad.

Ok, so you say... "... yeah, but they earned that money!" and I would counter with... well, where is it going to come from? That's where the discussion stops, until a thought comes up... "The BIG BANKS owe us for charging high interest on the loans they gave the city."  OK, let's check a few things out. First, when you have bad credit, any money a bank gives you will be at a higher interest rate. That's because there's a greater risk that they won't get repaid. If they feel the risk is high enough, they'll want security for protection. You may have to put up your car or your house. If you sign that loan, you agreed to the terms. They promised to give you the money... you promised to pay it back. You'd be pissed if they broke their promise and they have every right to be just as upset if you stop paying them back. Here's the kicker... The city is no different.

Let's look at just one other item.. and that's work rules.

Read an article that mentioned that, before the plumbers could fix a water leak, an operator had to be called to shut off the valve. Huh? A city like Los Angeles has a fraction of the number of people working per gallon of water delivered. Studies have shown that there is a huge amount of redundancy in the city government... but these people can't be laid off... why?

So, maybe you disagree with me. That's fine. I'd like to hear why you believe there's some other reason. Be sure you can back it up though.