How will this affect PMs?

[jim4silver]

Things seem to be falling apart in Detroit.

Detroit Recovery Plan Threatens Muni-Market Underpinnings - Bloomberg

Jim

 

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[Wilmingtonsilver]

This may sound funny, but remember the movie Robocop, where the city had gone bankrupt and private companies came in and took over? I give it no more than 5 years.

 

[Stymie]

Create more money. Problem solved.

 

[jim4silver]

Create more money. Problem solved.

Only problem is that Detroit cannot print money. Will the fed gov bail them out? Only time will tell.

Jim