Judge to interview experts in Detroit bankruptcy - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Judge to interview experts in Detroit bankruptcy

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DETROIT (AP) -- A former New York lieutenant governor is among the candidates to be interviewed as a possible expert in the Detroit bankruptcy case.

Judge Steven Rhodes wants a set of fresh, experienced eyes to offer opinions as Detroit tries to emerge from bankruptcy this year.

Richard Ravitch and others will be interviewed by Rhodes in court Friday.

The 80-year-old Ravitch has had a long career in public service in New York and has been outspoken about financial risks faced by states and local governments. He tells The Associated Press that many promises no longer are affordable.

Ravitch says Detroit is the most dramatic example of "what happens when you kick the can down the road." He says he would work for free.
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