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 Detroit files plan to rip-off creditors, leave bankruptcy

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Detroit files plan to rip-off creditors, leave bankruptcy Vide
PostSubject: Detroit files plan to rip-off creditors, leave bankruptcy   Detroit files plan to rip-off creditors, leave bankruptcy Icon_minitimeFri Feb 21, 2014 7:55 pm
Detroit officials Friday laid out a plan for exiting the largest municipal bankruptcy in U.S. history that calls for slashing pensions for non-uniformed retirees by nearly one-third and repaying bondholders just $1 of every $5 owed to them by the city.

Detroit files plan to rip-off creditors, leave bankruptcy 32909581_H988655

http://www.washingtonpost.com/business/economy/detroit-files-plan-to-fix-debt-leave-bankruptcy/2014/02/21/7a6f2800-9b2c-11e3-975d-107dfef7b668_story.html
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