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Detroit As A Warning

By   /  July 22, 2013  /  Charlie Harper, Opinion, Uncategorized  /   Comments

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Tweet Last Thursday the city of Detroit Michigan filed for the largest municipal bankruptcy in US history. The move places retired workers’ pensions at risk and makes it likely that those holding Detroit’s municipal bonds will receive pennies on the dollar for their investments. For those individuals affected it will be a painfully dramatic change. [...]

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