Bankruptcy Code Isule News Today

Wayne, start with you. should local governments go bankrupt in >> absolutely. thats what the bankruptcy code isule about. file chapter nine if you are a municipality. bankruptcy law was designed for these kinds of things and allows the body to reorganize and pay the creditors in a certain structured way . thats the best thing for cities to do because you are end up bailing out everybody. you cant bail out the world. >> john, this question to you. do you risk rolling the financial markets if you ...