An EFM domino effect?

[Huggybear]

So what's the speculation on whether a debt default by Detroit would precipitate EFMs in the surrounding communities?

If you connect some dots:

[[1) From the information out there, it appears that Detroit's default would impact Wayne, Oakland and Macomb Countys' credit ratings [[I haven't heard whether that would also hurt their constituent communities);

[[2) The counties are holding on by a thread financially [[as are their constituent cities);

[[3) The state is going to hit communities with heavy reductions in revenue sharing next year; and

[[4) No one wants to pay higher taxes,

then is it plausible that the entire Metro region may end up under one or more EFMs? You've heard how Snyder wants stuff consolidated. This would be one hell of a way to have that happen, no?

HB