STATE AND LOCAL GOVERNMENT WILL START DEFAULTS ON BONDS IN MID-2011

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary

EDITOR’S NOTE: This is going to happen for many municipal, county and state government obligations, having a far reaching effect as people awaken to the severity of the current economic crisis and the fact that this time is different from all other times. Officials in those government do their constituents a disservice by failing to pursue damage actions and seizing personal and real property of the perpetrators of this fraud. We here at livinglies can show you how if you can’t figure it out for yourselves.

The moral question is whether the short-term benefits of support from Wall Street outweigh the long-term effects to your career, your life and the lives of those whom you care about and the lives of those who are depending upon you to do your job.

State Budgets: The Day of Reckoning - CBSNews
URL: http://www.cbsnews.com/stories/2010/12/19/60minutes/main7166220.shtml

Steve Kroft reports on the growing financial difficulties states across the
country are facing.

Posted in bubble, Corruption, Eviction, securities fraud |