Stockton, California Bankrupt

[errolanderson]

cottonpicken . . . the U.S. economy is
far from out-of-the-woods despite all
the positive growth data flowing from
their government into markets these
days. This is still the 'calm before the
storm' in my opinion. As Bernie Madoff
stated from his jail cell . . ."The U.S.
government is just a giant ponzi scheme"

I'm am in no way any expert in the bond
market, but from my limited knowledge,
pension funds may be in the crosshairs
of a massive hit with this unfolding
muni fund debacle.

Errol

[Hopperbin]

Stockton only has 291,707 people, hardly one of the most populous cities in the usa so wonder about the rest of the article. Anyways if there is accounting errors should not someone be charged? Could they not raise taxes to pay for their shit? Too many questions here.