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Art group offers up to $4bn for Detroit

Art Capital Group has raised its proposed loan to Detroit to as much as $4 billion in a bid to help ease the troubled city out of bankruptcy. It intends to use its art collection as collateral. http://online.wsj.com/articles/lender-offers-up-to-4-billion-loan-for-detroit-using-art-as-collateral-1409110963?mod=WSJ_hp_LEFTWhatsNewsCollection

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