....at all about Detroit City on here?
Cue Snake Plisken please.
Defaulting on debt payments and pensioners and debt holders MIGHT get 10 cents on the dollar.
Holy crap.
Pay attention, America. He who defaults first, defaults best.
City worker retiree from Detroit, expecting to get his lifetime pension of $40k per year, let's say, will get $4k per year?
Underfunded pension funds and healthcare funds, some say, because the money was invested by city managers in risky city loans and risky investments.
:facepalm:
Cue Snake Plisken please.
Defaulting on debt payments and pensioners and debt holders MIGHT get 10 cents on the dollar.
Holy crap.
Pay attention, America. He who defaults first, defaults best.
City worker retiree from Detroit, expecting to get his lifetime pension of $40k per year, let's say, will get $4k per year?
Underfunded pension funds and healthcare funds, some say, because the money was invested by city managers in risky city loans and risky investments.
:facepalm:
