#397: Why The Hero Of Harrisburg Couldn't Save The City




Planet Money show

Summary: <p>The city of Harrisburg, Pa owes over <a href="http://www.pennlive.com/midstate/index.ssf/2012/05/harrisburgs_eye-popping_debt_t.html" target="_blank">$1.5 billion</a>. David Unkovic, the city's former receiver, <a href="http://www.npr.org/blogs/money/2012/03/23/149058391/trying-to-save-a-broke-city" target="_blank">tried to save</a> the broke city, but his plan just led to political trouble.</p><p>A few months ago, Unkovic left a scrawled, handwritten <a href="http://media.pennlive.com/midstate_impact/other/unkovic-letter.PDF" target="_blank">note</a> on the steps of the courthouse. "I find myself in an untenable position in the political and ethical crosswinds," the letter said, "and am no longer in a position to effectuate a solution."</p><p>Unkovic fled Harrisburg and stopped answering emails, phone calls, and questions from the press. Until recently. He's started to speak out about what drove Harrisburg into debt — and what drove him out of town.</p><p>On the show today, Unkovic speaks. And eats a Philly pretzel.</p>