03/03/2013 12:26 pm ET

Q & A With Oakland County Executive L. Brooks Patterson On Detroit's Finances WITH VIDEO

Michigan Gov. Rick Snyder's declaration Friday that Detroit has a financial emergency really wasn't much of a surprise.

But the specter of an emergency manager to run the state's largest city — and once the nation's most prosperous — presents nearly as many questions as the cause of the city's decades of decline.

Read more on The Oakland Press