So the question is: what happens?
Chicago is bankrupt. It cannot meet its obligations. This is not a matter of opinion. It is a matter of fact.
So how does the restructuring work? Who presides over it? The question obviously doesn't just apply to Chicago. It applies to countless cities and states across the country. (via Business Insider)
Thursday, October 21, 2010
Posted by John at 10/21/2010 10:19:00 AM