It’s common knowledge that the city’s finances are corrupt. Just ask our last mayor….
The city floats municipal bonds on the "perceived" tax asset of tens of thousands of back taxes owed on houses that are worthless. It's all a game of 3 card monte they've been playing for years.
— dbetzel (@dbetzel) August 6, 2019
Did anyone short Detroit before it went bankrupt? en.wikipedia.org/wiki/Detroit_bankruptcy
The city’s bonds are a house of cards. If someone looks into this, or Trump leans on them, it’s going to topple.
They’ve taken a hit whenever one of our mayors is outed for corruption. It’s only a matter of time before there’s a state or federal audit and someone blows the whistle.
They have nod-handshake agreements with local auditors, the cards are going to fall.
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