Lessons From Detroit's Debacle

Wednesday, August 21, 2013

Preview:

By now I will assume most have read plenty about the 40+ years of declining population, declining tax base, and incompetent administrations which lead to the Detroit bankruptcy filing. Most people assume that given the size and complexity of this filing, (100,000+ creditors) the final outcome of this restructuring will take many years and the impact of this major event on the municipalmarket will vary over that time.
 
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