August 1st, 2012 at 8:00PM
San Bernardino files for bankruptcy Yeah that’s right, with over $1 billion in debt, California’s beloved San Bernardino is declaring bankruptcy. And even with Rock the Bells’ crazy lineup!! So what’s it all mean? I guess you should be careful buying municipal bonds, cuz this economy is probably worse than your sources are letting on. http://www.reuters.com/article/2012/08/02/us-usa-bankrupty-san-bernardino-idUSBRE87105220120802

San Bernardino files for bankruptcy

Yeah that’s right, with over $1 billion in debt, California’s beloved San Bernardino is declaring bankruptcy. And even with Rock the Bells’ crazy lineup!!

So what’s it all mean? I guess you should be careful buying municipal bonds, cuz this economy is probably worse than your sources are letting on.

http://www.reuters.com/article/2012/08/02/us-usa-bankrupty-san-bernardino-idUSBRE87105220120802

#san bernardino#bankruptcy#california#municipal bonds#economy#economics#cities#city#$1 billion#rock the bells
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