Detroit Bankruptcy Fallout May Be Limited - Presented by: The Aol. On Network

The City of Detroit is headed for a fight in the courts after filling the largest government bankruptcy in U.S. history. Remarkable - given Detroit's size and debt load, says Daniel Berger. He's senior market strategist at Municipal Market Data, a unit of Thomson Reuters. "The significance is that Detroit is the 18th largest city in the country and it has about $18 billion in muni -in total debt outstanding."



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