Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Central Falls, RI is expected to win approval for its emergence from bankruptcy, with the burden...

  • Tuesday, September 4, 2012, 12:55 PM ET
    Central Falls, RI is expected to win approval for its emergence from bankruptcy, with the burden falling on taxpayers and retired municipal employees. Unlike some California cities - who may have discovered they can stiff bondholders and live to tell the tale - the goal for Central Falls has been to preserve credit market access, and creditors will not lose a dime.
Track new comments on this story

This news story has 1 comment:

  •  
    It's a stupid deal. Central Falls is one mile square. It's all poor people anyway, and this just makes it poorer. A festering boil on the side of Providence.

    And before y'all get on me about this comment, my mother was born in Central Falls.

    Credit market access? Let the bondholders take the hit. Walk away. They'll come back in time.
    4 Sep 2012, 01:01 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Macro Articles
More Latest Articles »