On today’s Morning Joe, as Detroit becomes the largest US city to file for bankruptcy protection, Steven Rattner discusses the factors that led to the city’s demise, citing a declining population as one of the most significant problems.

Rattner: Factors that helped Detroit grow also brought it to its demise

Top Talkers: The city of Detroit filed for bankruptcy protection on Thursday, July 18, making it the largest U.S. city in history to file for Chapter 9. The Morning Joe panel — including economic analyst Steve Rattner, former RNC Chair Michael Steele and the Huffington Post’s Sam Stein — discusses.