Tag: Bankruptcy

A) Government promiseth, B) Government taketh away!

This article that just appeared in Bloomberg.com, regarding Stockton-writ-California-writ-USA-writ-large’s pending bankruptcy, is just so absolutely jaw-dropping crazy…uh, no, wait….it isn’t really so crazy after all. Never mind. If Stockton Is Broke, Why Isn’t San Diego?: Steven Greenhut http://www.bloomberg.com/news/2012-03-02/if-stockton-is-broke-then-why-isn-t-san-diego-steven-greenhut.html Here’s the money take-away: referencing the fact that, for the past 20

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