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Add comment on:Detroit’s Retired City Workers in the Crosshairs
Ann Robertson and Bill Leumer
With Detroit’s finances looking increasingly dire, the city’s creditors are beginning to face off with one another, each trying to minimize their losses. The city’s pension fund, which supports retired city workers, has found itself in direct conflict with a formidable opponent, the bondholders, individuals and institutions that gave the city money in order to enjoy the interest on the loan.
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