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It noted that some municipalities were considering bankruptcy as a new strategy to address budget deficits and avoid obligations to bondholders, an emerging dynamic  

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Sat, 18 Aug 12 9:43 AM | 50 view(s)
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Moody's: More Calif. cities could go bankrupt


http://www.cbsnews.com/8301-505123_162-57495674/moodys-more-calif-cities-could-go-bankrupt/




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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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