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USA Saving Detroit: New manager targets 'greatest turnaround' in US history

Michigan's governor has tabbed a bankruptcy lawyer to serve as the emergency manager for Detroit's financial crisis. He hopes to avoid bankruptcy, but wouldn't rule it out.

By Staff writer / March 14, 2013

Rebecca Cook/Reuters

The man slated to guide Detroit to fiscal solvency in the largest state takeover of a city in United States history described his new job Thursday as β€œthe Olympics of restructuring.”