Detroit May File For Bankruptcy Overnight

Thursday, July 18, 2013
By Paul Martin

by Tyler Durden

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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