AirlinePilot wrote:While the wheels have decidedly not come off the tracks,
According to whom? MF Global's customers? The National Park Service (think occupy DC)? Governor Cuomo and Governor Christie who reside over the failure to erect a building to fill the gap at WTC? Mayor Linda Thompson of the capital city of Pennsylvania who resides over a muni bond default and $310 million in debt? No, there's no wheels coming off any tracks. It's all just business as usual.
Bankrupt Jefferson County, Alabama, Authorizes Hiring of Manager for Debt
By Brian Chappatta and Kathleen Edwards / Bloomberg / February 14, 2012
Commissioners of Jefferson County (3681MF), which began the biggest U.S. municipal-bankruptcy proceeding in November, agreed to hire a manager for its $4.2 billion debt at a meeting in Birmingham, Alabama. ...