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~3rd City to File for Bankruptcy Protection~

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~3rd City to File for Bankruptcy Protection~

Post by Guest on Wed Jul 11, 2012 10:17 am



This is scarey.

http://usnews.msnbc.msn.com/_news/2012/07/11/12675262-san-bernardino-becomes-3rd-calif-city-in-2-weeks-to-file-for-bankruptcy-protection?lite

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Re: ~3rd City to File for Bankruptcy Protection~

Post by elvis44102 on Wed Jul 11, 2012 7:57 pm

Not quite EXACTLY sure on this, but I believe State chartered Banks can print their own money. (certainly cities, municipalities, etc.etc. can not)

One of the more northern states has actually done so in the past....

Now that would really shake things up...

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