.@cate_long looks at whether Kevyn Orr is exaggerating Detroit pension obligations using "atypical" calculations. http://blogs.reuters.com/muniland/2013/07/23/has-detroit-over-inflated-its-pension-liabilities/ …
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@emptywheel@cate_long - Detroit's bankruptcy & blowing up its pensions & coll bargaining agreements was all pt if Rick Snyder's long game.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel No precedence (very little) on how to haircut pensions. Stockton, CA has some excessive pensions. Not so in Detroit.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel Muni bankruptcy so different from corp bk. Assets of city cant be force liquidated & creditors in class must be treated equally.Thanks. Twitter will use this to make your timeline better. UndoUndo
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