|Detroit filed the largest municipal bankruptcy in the nation's history...|
I wonder if many public sector union members will lose their retirement and health benefits?
I wonder if municipal bond investors will be offered pennies-on-the-dollar for their "Safest of Investments?"
This is huge!!! If government bond investors bail on the bond market because they think they may get screwed by municipalities, it's over! The financial markets will collapse... in hours.
I was just wondering... :rolleyes:
Detroit goes bankrupt, largest municipal filing in U.S. history