Analyst: Emergency manager good for Detroit bondholders

Full story: MLive.com

While Moody's Investor Service responded cautiously t o last week's announcement that the process of appointing a Detroit emergency manager is underway , a leading municipal analyst has a somewhat rosier view of what a state takeover will mean.
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1 - 5 of 5 Comments Last updated Mar 11, 2013
Skeeter

Romulus, MI

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Judge it!
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#1
Mar 5, 2013
 
From Egypt !
Pete

Livonia, MI

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Judge it!
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#2
Mar 5, 2013
 
Any hope for bonds to be worth more than zero is welcomed.
sms

Lafayette, LA

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Judge it!
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#3
Mar 5, 2013
 
dont fall for government bonds rates are low
Yep I Said It

Detroit, MI

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Judge it!
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#4
Mar 11, 2013
 
Those are the same bonds that Detroit already took loans out on. DON'T INVEST or you will end up owing.
Pete

Livonia, MI

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Judge it!
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#5
Mar 11, 2013
 
The idea is that Snyder and the state will help Detroit by insuring payment of the bonds. The bonds are immediately worth more, hopefully closer to par. If you don't own any now, don't.

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