I'm afraid we will be seeing four or more cities/states defaulting on their obligations.
The city of Chowchilla defaults on a bond.
But at least one business is doing well...
"But his Brock Locksmithing has weathered the storm, meeting a frenzy of demand from lenders. "I'm optimistic," said Brock, 66, who was on his way out the door Thursday to re-key another foreclosed house for another bank. "But I think it's going to take a little while."
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