BlackRock: Detroit Bankruptcy Check-In: Will Lansing Extend a Lifeline?
May 16, 2014 at 07:00 AM EDT
When Detroit filed for bankruptcy last summer, it was clear that it would be a case like no other. Already the largest municipal bankruptcy in history, it also poked the bear in several ways. One was its proposed treatment of general obligation (GO) debt, a $900 billion segment of the $3.7 trillion...