TITLE

Sun sets on the Californian dream

AUTHOR(S)
Paterson, Kevin
PUB. DATE
May 2008
SOURCE
Mortgage Strategy;5/19/2008, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the implications of the move of the city council of Vallejo, California, to file for bankruptcy due to the decline in tax revenues. It notes that the council would face difficulty in raising funds on the bond market because investors would find the city's business environment too risky. It further states that the crisis could affect the U.S. municipal bonds system.
ACCESSION #
32193540

 

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