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Red flags over cities' bankruptcy filings

 
Anonymous Coward
User ID: 19833141
United States
07/15/2012 05:53 PM
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Red flags over cities' bankruptcy filings
San Bernardino's stunning news last week that it was broke and needed to file for bankruptcy protection has some observers wondering who's next.

San Bernardino is the third California city, after Stockton and Mammoth Lakes (Mono County), to declare bankruptcy within the past three weeks. And while Stockton's June 28 filing wasn't surprising - city officials had talked publicly about the problem for months - the moves by San Bernardino and Mammoth Lakes were. [link to www.sfgate.com]
Reelman Press

User ID: 16120994
United States
07/15/2012 06:08 PM
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Re: Red flags over cities' bankruptcy filings
thats a shame that the city went bankrupt. If the city would operate on godly biblical principles it wouldnt be bankrupt. Judgement comes.
Fact are important, They should be presented first, opinions will vary.

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