Wednesday, March 9, 2011

.Broke Town, U.S.A.

http://www.nytimes.com/2011/03/06/magazine/06Muni-t.html

Cities across America are facing dire financial distress. Meredith Whitney, a banking analyst turned independent adviser who correctly predicted the banking meltdown, has issued an Armageddon-like prediction of mass municipal defaults.

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