Vindication from 24/7 Wall Street

The Spirit of Detroit

The folks at 24/7 Wall Street, which provides analysis to equity investors, published a list of best and worst managed cities in the United States. I don't think it surprises very many people that Detroit came in at number four on their list of the worst managed cities.

Plus, the only reason why Detroit wasn't rated even worse than it actually is that Mayor Dave Bing has enacted at least some of the reforms that he opposed when he first came into office. Their full list of the best and worst managed cities in the United States is available here.

As someone who has spent more than 20 years following the financial operations of the City of Detroit, and who has submitted several proposals on how to improve the situation only to be ignored or ridiculed by those who were in power who insisted that they had everything under control, I have to admit that I feel a certain amount of vindication from this listing.