California’s Empty Wallet: Turning Crisis into Wishful Thinking
Posted on June 30th, 2009 by Student Loan News
California’s Empty Wallet: Turning Crisis into Opportunityby Ellen BrownThe last time a leading municipal bond issuer was on the verge of default was 1975, when New York City was going through its own financial crisis. Then-President Gerald Ford gave a speech vowing to veto any federal assistance for New York — a speech immortalized by the next day’s New York Daily News headline, “Ford to City: Drop Dead.”From http://inthesenewtimes.com/2009/06/30/a-warning-bell-on-california-muni-bonds/ . Globa
Filed under: Loan News