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Michigan Governor, Bankruptcy Advisor, Defend Decision to File for Chapter 9 Bankruptcy

Michigan Gov. Rick Snyder and the bankruptcy specialist he appointed to fix Detroit’s unprecedented financial problems put the blame Sunday squarely on the city and defended their decision to file for Chapter 9.

The Republican governor said Detroit created the problems and stood steadfast behind his decision to file Thursday for bankruptcy, with the city roughly $19 billion in debt.

Source: Fox News. Read full article. (link)

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