A blog on the intertwining of History, Culture, Geopolitics and Economics from a millennial.
Wednesday, July 11, 2012
More cities Bankrupt
In the 6 decades since Congress passed bankruptcy protection for municipalities only 500 have been field. Anyone want to place any beats on how long it will take for another 500 to be filled? With San Bernardino becoming the 3rd city to file for protection, I would be willing to wager that a conservative estimate will have that number being equaled by 2020 if no sooner.