Two big questions about Detroit’s bankruptcy: Are pensions massively underfunded and who gets paid first?
It’s good to be the king bank Graphic/photo by Anne C. Savage | Eclectablog There are two big questions swirling around Detroit’s bankruptcy, questions that will ultimately be decided by federal bankruptcy judge Steven Rhodes. The first is whether or not the public employee pension funds are actually underfunded by billions of dollars. Are they? As it turns out, it […]
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