What You Are Not Hearing About Detroit’s Bankruptcy

Michigan Governor Rick Snyder and his appointed emergency manager, Kevyn Orr, say city pensions are underfunded by $3.5 billion. The two main groups of creditors public employees and retirees, and bondholders argue that they’re entitled to be paid.

via What You Are Not Hearing About Detroit’s Bankruptcy | ChiefExecutive.net | Chief Executive Magazine.

Michigan’s Snyder Says Detroit’s Bondholders Part of Bankruptcy (bloomberg.com)
Labor’s Only Hope Is Detroit Bailout or New Taxes (bloomberg.com)

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What You Are Not Hearing About Detroit’s Bankruptcy

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