Saginaw County 3rd muni in Michigan to postpone million-dollar bond sale in wake of Detroit bankruptcy | Crain's Detroit Business:
"The securities are rated Aa3 by Moody's Investors Service, fourth-highest.
Saginaw joins Michigan's Genesee County and Battle Creek in postponing general obligation offerings. Proceeds would help Saginaw, with about 198,000 residents, finance unfunded pension liabilities of about $60 million."
Muskegon county will soon be lookin' for $40 million (GO, not revenue) for the new jail.
Hopin' for a bunch of rich dummies.
The financial dominoes of doom are tippin'.
The MSM and our politicians will tell us about it when the last one falls.
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