More Money Problems

Ah, it’s just getting uglier and uglier. Actually, it’s downright frightening.

Today’s Housing Bubble Post – Ripples Reaching Wider

Fallout from the bursting of the housing bubble is rippling further and further out. In the last few days three state government funds have realized they are in big trouble and are experiencing “runs.” And as a result, in the next few days we are likely to hear about the same thing happening in many other states. These are funds that cities put their cash into until it is needed to pay city employees, teachers, etc. The cities have [...]