Relevant:
- Bankruptcy, the Best Way to Deal with Public Unions; Bold New Tactics Long Overdue; Gov. Rick Snyder's Move on Detroit; $1.26 Trillion Pension Gap
- Judge dismisses CalPERS appeal of San Bernardino bankruptcy
- Report warns of coming wave of municipal pension shortfalls
- Jefferson County Alabama Hires Bankruptcy Firm; Record Municipal Bankruptcy Coming; Death Spiral Swaps and JPMorgan Fraud Revisited
- Harrisburg files for Chapter 9 bankruptcy
2012-08-02 — blogspot.com
A major wave of municipal bankruptcy filings is now underway. Scores of other cities nationwide will eventually do the only thing that makes sense: file for bankruptcy to escape pension promises and union salaries that cannot possibly be met
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