Bing Says He Knows Bankruptcy, Emergency Manager Possible For Detroit; 'I Haven't Given Up'

Bing: I'm a Fighter
DETROIT - OCTOBER 29: Detroit Mayor Dave Bing listens to White House Council on Auto Communities and Workers Executive Director Ed Montgomery speak at a press conference at Detroit Edison October 29, 2009 in Detroit, MIchigan. Montgomery was at the facility to highlight the White House's announcement Tuesday of an $83 million award to Detroit Edison's smart energy grid program. (Photo by Bill Pugliano/Getty Images)
DETROIT - OCTOBER 29: Detroit Mayor Dave Bing listens to White House Council on Auto Communities and Workers Executive Director Ed Montgomery speak at a press conference at Detroit Edison October 29, 2009 in Detroit, MIchigan. Montgomery was at the facility to highlight the White House's announcement Tuesday of an $83 million award to Detroit Edison's smart energy grid program. (Photo by Bill Pugliano/Getty Images)

A candid Detroit Mayor Dave Bing said this afternoon that he knows deeper state intervention is a possibility for the city he leads -- and possibly a municipal bankruptcy -- but he's doing everything he can to avoid such dire consequences.

"I'm a realist and I know that's a real possibility," Bing said today amid threats from the state that it could appoint an emergency financial manager for Detroit and growing speculation that bankruptcy is inevitable. "But I'm also a fighter and I haven't given up."

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