Sun sets on the Californian dream

Paterson, Kevin
May 2008
Mortgage Strategy;5/19/2008, p34
Trade Publication
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.


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