S&P Says U.S. Was Minutes From Falling Below Detroit In Bond Rating Leah McGrath Goodman from Newsweek wrote a great piece about how the federal government’s rating on S&P would plummet. The Republicans caved and agreed to restore the government and extend the debt ceiling for a number of good reasons. The Democrats and the […]
Why Isn’t The Detroit Emergency Financial Manager Fighting The Banks Like This Alabama County? JPMorgan Chase agreed to forgive $842 million of debt owed by Jefferson County, Alabama. The new agreement follows a $722 million settlement in 2009 with the U.S. SEC related to the Jefferson County financing. So why isn’t the Detroit Emergency Financial […]
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