Municipal bondholders certainly don’t merit sympathy for the - TopicsExpress

Municipal bondholders certainly don’t merit sympathy for the huge losses they will incur. Anyone who invested in the debt promises of such a corrupt and poorly managed city deserves to lose money. They would have had to be blind not to see how broke the city was, so it seems that they made a cold, cynical, calculated bet on Detroit’s predatory government continuing to be able to find victims from whom to extract more money.

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