CHICAGO -- Bond insurers wrapping Detroit’s debt fought the city’s restructuring proposal ahead of its historic July bankruptcy filing in part because they did not want to set a precedent for other cities, Detroit’s investment banker said Thursday.

“They made it very clear to me they were not willing to consider any impairment of general obligation bonds,” Ken Buckfire, from Miller Buckfire, said Thursday in his testimony during the second day of a trial to determine whether Detroit is legally eligible for bankruptcy protection.

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