SOURCE: WSJ
7-22-13
tags: WSJ, Detroit, Michigan, bankruptcy, defaults
Read entire article at WSJ
comments powered by Disqus
7-22-13
Detroit files bankruptcy (2013), Michigan defaults (1842)
Breaking Newstags: WSJ, Detroit, Michigan, bankruptcy, defaults
The massive bankruptcy of Detroit last week could put bondholders in jeopardy of not getting all their money back.
It isn’t the first time that the holders of bonds issued in Michigan have had problems: Something similar happened 170 years ago.
In the aftermath of the real-estate bubble of the mid-1830s and the bust that followed, Michigan became one of nine states to repudiate at least part of their debts....
comments powered by Disqus
News
- Law Prof: If Recent SCOTUS Decisions Relied on Bad History, Opponents Need to Come Up with a Better Version
- How Hitler's Favorite Passion Play Lost its Anti-Semitism
- Fighting Back Against Book Banners
- At CPAC, Trump Presents a Violent Blueprint for Taking Power
- Mario Fiorentini (1918-2022): The Last Surviving Italian Partisan
- Revisiting Lady Rochford and Her Alleged Betrayal of Anne Boleyn
- Walter Russell Mead: Non-Jewish Interest Groups, not "Israel Lobby" Drive Hawkish US Mideast Policy
- The Architecture of the Shopping Mall Shaped by Racism, Surveillance
- The Misuse of History in 2021 Documentary "The Business of Birth Control"
- It's Hard to Be God