MICHIGAN DICTATOR LAW PA 4 GOES DOWN; DETROITERS ECSTATIC

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Wall Street predatory lending to Detroit: Joe O’Keefe of Fitch Ratings and Steven Murphy of Standard and Poor’s tell Detroit’s City Council on Jan. 31, 2005 to approve a disastrous $1.5 billion pension obligation certificate bond, which Detroit has defaulted on twice. It added to the city’s mammoth debt burden.

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