Detroit May File For Bankruptcy Overnight

Thursday, July 18, 2013
By Paul Martin

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

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