In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Friday, May 23, 2008

Vallejo files for bankruptcy

by Calculated Risk on 5/23/2008 02:21:00 PM

From the AP: Vallejo files for bankruptcy to deal with budget shortfall

This was expected. The question is: Is Vallejo unique, or will a number of other cities file bankruptcy?

Posted by Calculated Risk on 5/23/2008 02:21:00 PM