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

By: Decomposed in ROUND | Recommend this post (3)
Sat, 18 Aug 12 4:03 PM | 47 view(s)
Boardmark this board | De's Test Board 		Msg. 43399 of 45651
(This msg. is a reply to 43395 by capt_nemo)
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"Friday's report is raising alarm in many California cities where leaders fear that a crisis of confidence in the municipal bond market could hinder their ability to borrow for needed projects." 


So, in other words, California cities that haven't yet borrowed to the point of being on the verge of bankruptcy, are upset about Friday's report because it will hinder their ability to get there. LOL!  




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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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
By: capt_nemo in ROUND
Sat, 18 Aug 12 9:43 AM 		Msg. 43395 of 45651

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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