The Motor City was not always under water, by the mid-twentieth century one in six working American’s was employed directly or indirectly by the automobile industry. Detroit was the epicenter of the automobile industry. By the 1950s Detroit had become the 5th largest city in the United States. It was home to nearly 2 million people. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss the current state of Detroit, a once thriving city now billions in debt and filing bankruptcy.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: auomobile industry, bankruptcy, billions in debt, Detroit, ed butowsky, financial advisor, fox news, motor city, wealth manager