Many Michigan Cities Are Teetering On Bankruptcy, And Want A Do-Over Like GM

Markets are surging today, but the selloff continues apace in the muni word, as the news continues to look disastrous on that front.

Earlier this week the city of Hamtramck Michigan sought permission to go bankrupt, and it’s not the only one.

Bloomberg’s Adam Johnson just tweeted (via Joe Saluzzi):

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