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Local Government Bankruptcy - 2 Cents
Posted by: Paul Nichols

10 Nov 2011


It's practically impossible for local governments to go bankrupt, but these guys (Jefferson County, Alabama) have been trying for years and finally succeeded.


http://www.usatoday.com/money/economy/story/2011-11-09/alabama-county-bankruptcy/51146416/1

© 2011 Dime Brothers
Category: Civics 101    

Reader Comments:

Bankruptcy as a Positive Option?
 
This article suggests some good can come from it.
24 May 2012
Paul 
Retort
 
A good retort in the comment section of your link from 5-24-12 that might be usable in any number of scenarios: "Test your environment for lead."
24 May 2012
Mark 

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