Wednesday, July 18, 2012

City Of Compton Next On the Muni Bankruptcy Deck

From Zero Hedge:

Because once the dominoes start, they don't stop. Stockton, Mammoth, San Bernardino and now legendary rap and LA riots nexus - the City of Compton. Fear not: the ESM, and the German population whose retirement age will have to be in the quadruple digit range to fund a broke world, has got this, too, covered. Also, only squares don't make fun of Meredith Whitney for saying municipal America is insolvent, so please do.

http://www.zerohedge.com/news/city-compton-next-muni-bankruptcy-deck

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