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City Of Compton Next On The Muni Bankruptcy Deck 

By: capt_nemo in ROUND | Recommend this post (1)
Wed, 18 Jul 12 6:56 PM | 89 view(s)
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Submitted by Tyler Durden on 07/18/2012 10:41 -0400

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Meredith Whitney
Rating Agency
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Reuters

Because once the dominoes start, they don't stop. Stockton, Mammoth, San Bernardino and now legendary rap and LA riots nexus - the City of Compton. Fear not: the ESM, and the German population whose retirement age will have to be in the quadruple digit range to fund a broke world, has got this, too, covered. Also, only squares don't make fun of Meredith Whitney for saying municipal America is insolvent, so please do.


From Reuters:


http://www.zerohedge.com/news/city-compton-next-muni-bankruptcy-deck?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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