Municipalities File for Bankruptcy

This is bad folks – really bad. And, I don’t think that this is on anyone’s radar. Think of how many organizations and people have municipal bonds. Retirement funds. Banks. Insurance companies. Sovereign wealth funds. Think also of the retirement programs administered by these municipalities. Filing for bankruptcy is an easy way to dump those. Blood is going to run in the streets over this. This is from shtfplan.com: Capitol of Pennsylvania Files for Bankruptcy Protection Back in December of 2010 we published a report in which well known bank and economic analyst Meredith Whitney warned of the coming debt … Click here to read the rest…