http://globaleconomicanalysis.blogspot.com/2011/08/central-falls-bankruptcy-update-all.html
The above is an update to my post earlier today Central Falls Rhode Island Files Chapter 9 Bankruptcy; Court Asked to Negate Collective bargaining Agreements; Vallejo Precedent
Central Falls was bankrupt years ago and I said so repeatedly. The costs on taxpayers to delay this bankruptcy have been severe.
Once states realize that bankruptcy is not tantamount to statewide Armageddon, there will be a flood of city bankruptcies.
The above is an update to my post earlier today Central Falls Rhode Island Files Chapter 9 Bankruptcy; Court Asked to Negate Collective bargaining Agreements; Vallejo Precedent
Central Falls was bankrupt years ago and I said so repeatedly. The costs on taxpayers to delay this bankruptcy have been severe.
Once states realize that bankruptcy is not tantamount to statewide Armageddon, there will be a flood of city bankruptcies.
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