The Public Purse offers you serious thinking about economic, financial and political trends at the U.S. state and local level with a focus on municipal credit risk
Get Email Updates:
Apr/10
17
The “b-word” (bankruptcy), fiscal stress and small town struggles
1 Comment | Posted by Natalie Cohen in Budget and Finance, bankruptcy and default, municipal bonds
An article about upstate New York town of Kingston and their discussion of fiscal stress, union contracts and the debate over Chapter 9 bankruptcy.
1 Comment for The “b-word” (bankruptcy), fiscal stress and small town struggles
Bill Hoelzel | April 28, 2010 at 12:59 PM
Great stuff all around. Got your posts from WSJ. I don’t think the people who are talking about widespread muni defaults realize that if that “shoe” drops it could crush us all. It would be much more serious than the credit crunch we faced last year.