[quote=harvey]I don’t see anywhere where it says the state has any obligation to pay Detroit’s debts.
If it were just a question of the state cutting the check vs. the city, I don’t think the creditors and pensioners would be as concerned as they appear to be.[/quote]
That’s worth investigating becasue some states do have it in the consitution that they cannot let a city fail… I remember reading about in MISH…
