Regional News
Detroit Suburb Warns It Could Be Broke By Month's End
Thursday, January 31, 2013
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City officials recently warned that the Detroit suburb of Allen Park, which is already under state control, could run out of money by the end of February, and a new audit raises questions about the city's ability to continue "as a going concern."

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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