Detroit To Be Taken Over By The State

Thursday, February 28, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/28/2013

Usually, when the administration needs a distraction from just how broke and insolvent in reality the country is, it sends the stock market soaring higher. As such it is beyond ironic that as the S&P is set to hit an all time high, Detroit – that shining symbol of the Obama administration’s bailout of General Motors – effectively goes broke.

MICH. GOV SNYDER TO ANNOUNCE STATE TAKEOVER OF DETROIT

The Rest…HERE

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