Detroit May File For Bankruptcy Overnight

by Tyler Durden
ZeroHedge.com
07/18/2013

Presenting default you can believe in, as the largest municipal bankruptcy in US history, involing the one-time iconic “motor city” which now has a population of 700,000 and some $20 billion in liabilities, is about to become reality. But fear not: the Detroit bankruptcy, like rising rates, are entirely due to the economic recovery.

The Rest…HERE

This entry was posted on Thursday, July 18th, 2013 at 4:11 pm and is filed under Economics, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.