Posts tagged ‘Detroit’

Champagne, Corks, and Muni Bond Consequences



Any time a negative headline hits a particular asset class, investors can often throw away the champagne with the cork – meaning, they sometimes treat the good and the bad in the same manner…regardless of the underlying fundamentals. With Detroit’s bankruptcy, municipal bond investors are at…

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Motown Muni Mess – Probably Good for Investors, Definitely Bad for Motor Citizens



Chapter 9 – words that are going to be on a lot of lips for some time to come. Last week, Detroit filed for bankruptcy protection under Chapter 9 of the United States Bankruptcy Code, and the Motor City became the largest municipal bankruptcy in history – definitely a dubious distinction. The…

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