Delusions in Detroit – Wall Street Journal

Delusions in Detroit
Wall Street Journal
And last week, on the day that Judge Steven W. Rhodes of U.S. Bankruptcy Court approved the city's Chapter 9 filing and allowed Mr. Orr to proceed with his restructuring plan, creditors balked at the less-than-a-billion-dollar estimate of the value of the art 

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Read the rest . Via MLO Aggregated Bankruptcy News.