Kevin Orr clearly said this morning on Flashpoint that Detroit borrowed its way out of bankruptcy to the tune of $$$$$ 1.5 Billion dollars

http://www.clickondetroit.com/news/p...point/29628246

- Insurance Companies dealing with Municipal Bonds got clobbered

- Creditors who own bonds WILL return, to cash out their investments

Syncora Holdings Ltd. [[OTC: SYCRF) is a Bermuda-domiciled holding company.

Pike Pointe Holdings LLC [["Pike Pointe"), a subsidiary of Syncora Guarantee Inc., is advancing development agreements with the City of Detroit and the City of Windsor with respect to the Detroit Windsor Tunnel and related or adjacent properties. Pike Pointe is a holding company for investment in and operation of infrastructure assets [[including toll assets and parking, among others) through its American Roads andDetroit Windsor Tunnel LLC subsidiaries [[both based in Detroit), which include a lease to operate the U.S. portion of the Detroit Windsor Tunnel.