How Forgiving Is the Muni Market? Detroit Will Find Out

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For the first time since Detroit’s bankruptcy five years ago, the Motor City plans to issue standalone general obligation bonds

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Detroit politicians nor Detroit taxpayers have learned anything from the bankruptcy. Five years is an eternity in politics. All is forgotten.

Yeah, cause THIS time will be different. Sure.

Considering the population demographics of the city it sound like a sure way to lose your money. Good luck

Sign of the times, but weird isn’t it?

More efficient to just put your money in a pile and light it on fire instead.

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