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>> DETROIT TAKEOVER Latest News

FEB 19, 2013 - Yahoo! News

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Panel finds Detroit in dire shape; up to governor to act

DETROIT (Reuters) - An expert panel concluded on Tuesday that Detroit faces a fiscal emergency in a city plagued by "operational dysfunction," leaving Governor Rick Snyder with a controversial decision of whether to declare a financial takeover by the state If Snyder does decide to appoint an emergency financial manager for Detroit, that person could decide that the city's only course for survival would be a bankruptcy filing, the most feared and radical action that could be taken. ...

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