Saturday, June 15, 2013

Emergency manager: Detroit won't pay $2.5B it owes

Emergency manager: Detroit won't pay $2.5B it owes: "A team led by a state-appointed emergency manager said Friday that Detroit is defaulting on about $2.5 billion in unsecured debt and is asking creditors to take about 10 cents on the dollar of what the city owes them.
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'via Blog this'

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