Thursday January 20 2011
I mentioned the looming municipal defaults in class. Here Vallejo CA defaults to bond holders. There is much to learn here and that is what I meant about your need to expand your reading.
Please read this article to
see why I link to Mish
what does Chapter 9 bankruptcy mean
why is Vallejo in bankruptcy
is this test case a tipping point, if so what does that mean?
Pensions are a topic in Intermed II , what is the meaning of pension liability, why is that such an issue
Professor Elam 
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