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The Detroit Bankruptcy has ramifications for all State pensions....negotiations are going to change

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2seaoat



http://www.nbcnews.com/business/insolvent-detroit-can-proceed-bankruptcy-judge-rules-2D11687462?ocid=msnhp&pos=1

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That doesn't mean the judge will cram pensions down... just that the federal bankruptcy laws trump state constitutions.

Not news to me.

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