Monday, December 29, 2008

Municipal Bankruptcies in 2009

Very likely, very damaging, and very likely to be the recipient of major government bailouts.

After all, if you bailout the UAW, shouldn't the government also bailout the American Federation of Federal, State and Municipal Emplpoyees? The government bailing out municipalities makes marginally more since, given that government employees generally can't go on strike.

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