No. of Recommendations: 0
I had the radio on the background this morning, and heard the same statement made, 10 cents on the dollar. I was only half listening to it...but my impression was the reporter was more speculating with that number rather than give acutual facts.

What does bother me, is that not that long ago...maybe 6 months ago...someone was touting Detroit's bonds, saying Detroit was better off than the credit rating implied. I don't recall if this was on tv, or a magazine or newspaper article. But I wouldn't be surprised if it came from someone that was hoping to unload.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.