Full faith and credit now means full faith and credit only after we see what is left after others skip the line. If this become the template for municiple bankruptcys it will have an insidious effect on all credit markets in time.
zdreg
http://news.yahoo.com/bankrupt-cali...69--sector.html
exactly what happened in argentina.
it is coming.
zdreg
http://news.yahoo.com/bankrupt-cali...69--sector.html
exactly what happened in argentina.
it is coming.