San Bernardino yesterday became the third Californian city to file for bankruptcy protection,...
San Bernardino yesterday became the third Californian city to file for bankruptcy protection, saying it owes over $1B to 10K-25K creditors. San Bernardino's filing, as well as those of Stockton and Mammoth Lakes, will be major test cases of whether distressed cities will be permitted to go back on their bond and pension obligations.
From other sites
at Nasdaq.com (Jan 30, 2015)
at CNBC.com (Jan 6, 2015)
at CNBC.com (Dec 24, 2014)
at CNBC.com (Jul 25, 2014)
at MarketWatch.com (Jan 6, 2014)
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