Detroit files bankruptcy (2013), Michigan defaults (1842)Breaking News
tags: WSJ, Detroit, Michigan, bankruptcy, defaults
The massive bankruptcy of Detroit last week could put bondholders in jeopardy of not getting all their money back.
It isn’t the first time that the holders of bonds issued in Michigan have had problems: Something similar happened 170 years ago.
In the aftermath of the real-estate bubble of the mid-1830s and the bust that followed, Michigan became one of nine states to repudiate at least part of their debts....
comments powered by Disqus
- Another Hendrix Legacy Lawsuit: Family Seeks to Block Royalty Claim by Heirs of Bandmates
- A Texas-Born Princess and Former Scandalous Washington Wife May Lose Roman Villa in Epic Inheritance Fight
- Will SCOTUS Uphold Claim of Heirs for Return of Pissarro Painting Stolen by Nazis?
- Outcry over Sparse Representation of Jews in Movie History at New Academy Museum in Hollywood
- 60 Minutes Report: Who Betrayed Anne Frank?
- Jack Rakove on Writing History, and the 1619 Project
- "Hello Internet": Barry Mehler Responds to Reaction to His Course Intro Video
- Revising America’s Racist Past
- Nikole Hannah-Jones Angered a Crowd with an MLK Day Speech. The Words Were MLK's
- Kathleen Belew Asked How Historical Subfields Would Approach the Chicken Crossing the Road...