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Topic: Nope, Not Cyprus - page 2. (Read 2098 times)

hero member
Activity: 672
Merit: 500
June 14, 2013, 07:55:33 PM
#1
Unsecured bondholders are being asked to accept 10 cents on the dollar.

78,000 abandoned and blighted structures.

40% of street lights do not work.

Only 1/3 of the ambulances were in services during Q1 2013.

The average police response time for Priority 1 calls is 58 minutes.

99.6% of the OPEB (Other Post Employment Benefits) liabilities are unfunded.

Emergency Manager was just interviewed and admitted they are "insolvent."

If you're still wondering where this is, it's Detroit, Michigan.

http://www.freep.com/assets/freep/pdf/C4206913614.PDF
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