|By Nathan Bomey, Detroit Free Press|
|McClatchy-Tribune Information Services|
Dimon also said today that he's very sympathetic to
"I personally think they should be protected," Dimon told the
Dimon said creditors often have legitimate complaints in bankruptcies, but he suggested that
"I don't think it will affect
Dimon is visiting the city to promote the bank's plan to provide
Orr also wants to wipe out a
Major bond insurers that backed the debt,
Dimon said he's not an expert on
He also warned that municipal financial crises are looming.
"I would put it as a serious issue," he said. "It's like the train you see coming down the tracks 10 years down the road."
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