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My AnnArbor.com op-ed on why Emergency Managers are NOT better than Chapter 9 bankruptcy

Excuse me, but I beg to differ

Last week, AnnArbor.com Business news director Nathan Bomey penned an op-ed titled “Why bankruptcy is worse for Michigan cities than emergency managers”.

As you might imagine, I have an entirely different take on this which you can read at AnnArbor.com in a counterpoint op-ed today titled “The case against emergency managers: How bankruptcy preserves democracy”.

Here’s an excerpt:

The main thrust of Mr. Bomey’s argument is that Chapter 9 bankruptcy is an unpredictable, frightening prospect where municipalities lose control, union contracts are rejected, wages & benefits of employees cut, city vendors take a hit, and hard decisions are made by a single individual who doesn’t answer to the local community.…
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