Friday, July 27, 2012

US Cities: The Bankruptcies Begin

As the spotlight stays on Spain with their regions going bankrupt, quietly the mother of all sovereign debt crisis' continues to build in the United States. Cities are finding that it is much easier to deal with pension negotiations by throwing up the middle finger and telling the other side of the table they will get nothing through bankruptcy. This is a slow stream that will soon turn in to a flood.

No comments:

Post a Comment