FBC The Willis Report July 20, 2013
Pension fund, union and debtholders scrambling for their cut afte the city declared itself bankrupt. But what is haening in detroit may not stay there. It could have big implications for the rest of us. With us now from the froline rategy company and with yard advisors. Am going to start with you, this is onof the most talked about baruptcies before it even happens and certainlyhe largest that happened not too long ago. Wh do you make of this . It is a tale of twoities if you dont mind me. Stockton was a perfect storm of a very intense time of overspending, overpromising and under developing w...