"When former adviser to President Bill Clinton was asked what he wanted to be re-incarnated as, he answered, “The bond market. Everybody’s scared of the bond market.” If he was right, then the current discussion regarding the federal government enacting a law making it possible for a state to file for bankruptcy should be over before it really gets started..."
at http://247wallst.com/2011/01/24/does-the-us-need-a-bankruptcy-law-for-states/#ixzz1Byy5dFwp
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