In a nut shell, Syncora is now the sole owner of a toll bridge in Detroit and a toll road in down south. They acquired it through insuring the bonds of American Roads. Equity was wiped out. This has nothing to do with Detroit's bankruptcy. There is a seperate law suit in progress against British Petroleum for loss of toll revenue because of the drop in tourism after the gulf oil spill. American Roads is now out of bankruptcy and Syncora is free to find a buyer. At least this is my understanding. Anyone else feel free to cdorrect me where wrong.