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Home>Distress in Detroit: A BlackRock Analysis

Distress in Detroit: A BlackRock Analysis

Perspectives Content Submission

Tue, 2 Jul 2013

The emergency manager (EM) in long-ailing Detroit surprised the market in June with a Draconian debt-restructuring plan. Many view the EM proposal as a prelude to bankruptcy, which would be the largest ever in the municipal market. Michigan has the option and authority to intervene to protect the c

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