Author: Josh Adler
This article is about the recent default of municipal bonds. Cities and towns all around the United States have been weighed down by large commitments in pensions and frivolous spending. On March 19th, Stockton became the largest city to default on its municipal bond loans. This default is important because now investors all [...]
Bentley Economics-Finance Society Blog
Money, Business and You.
20
Mar
California Cities Scramble to Avert Insolvency
Posted by ecofiblog Published in EcoFi Contributor Article, Economy, Events, Macro PerspectiveTags: California
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