Don't know if your $20,000,000,000 figure is correct but if it is then every one of the 700,000 men women and children in Detroit is in the hole for approx. $30,000. There is no EM that will be capable of getting round that. The Detroit administrations for many years had to know where this was going but they didn't have the personal stature to draw attention to it. It's too late now for an EM. Bankruptcy is the only way.
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