Banks cash in on EFM takeover
Cha-ching! is the sound of banks registering the new revenue coming their way the very moment Gov. Rick Snyder put Detroit under an emergency financial manager (EFM). “Who knows what the city has paid? The same stick-up men that went through the neighborhoods (with the foreclosure crisis) are now at city hall,” said Jerry Goldberg, attorney for Moratorium Now. ...
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