municipal bankruptcy

Cities and counties across America are facing fiscal collapse. Even Warren Buffet thinks so.  But Wall Street, especially the rating agencies, are ignoring the realities. So, for that matter are Obama and Romney. It's coming and it won't be pretty. Things like control boards and municipal...
The Financial Times is blessed with an intelligent and incisive editor and columnist, Gillian Tett.  But, like any opinionated columnist, she doesn’t always get it right.  In a recent column about how Rhode Island is facing up to near-bankrupt municipal governments and pension...
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