Via Pando Daily:
Every now and again there’s a piece of crystal clear evidence left at the scene of a complex financial crime that shows, beyond any reasonable doubt, what went down.
If future generations want to understand why the current era is sometimes referred to as a new Gilded Age, they need look no further than Detroit. The city’s financial troubles have far more to do with deindustrialization, destructive trade policies, population loss, political mismanagement and Wall Street’s shady municipal rip-off schemes than it does public pension liabilities.
Yet, as you might have heard, a judge yesterday h...