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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: capt_nemo in ROUND | Recommend this post (0)
Sun, 19 Aug 12 4:14 AM | 48 view(s)
Boardmark this board | De's Test Board 		Msg. 43410 of 45651
(This msg. is a reply to 43399 by Decomposed)
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LMAOOOOOOOOOOOOO Well put DE ........




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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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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
Sat, 18 Aug 12 4:03 PM 		Msg. 43399 of 45651

"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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