Lessons From Detroit's Debacle

Wednesday, August 21, 2013


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.
For the entire article, please download the file below.