California city becomes America's largest, latest to enter bank...

04/01/13


RT

California city becomes America's largest, latest to enter bankruptcy
RT
“To summarize, we expect…more bankruptcy filings and bond defaults among California cities reflecting the increased risk to bondholders as investors are asked to contribute to plans for closing budget gaps,” read an August 2012 report by California ...
Stockton eligible for bankruptcy protection, federal judge rulesLos Angeles Times

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