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Budget & Finance

Moody's: Holders of Debt in Default May Be Out of Luck

Holders of debt issued by Detroit; Harrisburg, Pa.; Jefferson County, Ala.; and Stockton, Calif.; are unlikely to get outcomes even as favorable as investors during the Great Depression, according to a report issued Thursday by Moody's Investors Service.

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Comments (1)
People should long remember those agencies, and never buy their bonds again.
Posted by Lennyb98@yahoo.com | Thursday, September 12 2013 at 3:53PM ET
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