[quote=SK in CV][quote=The-Shoveler]I am still saying it’s not about housing or Stocks, it’s about local municipalities not being in a position to afford another housing or stock market crash,

When the City of L.A. is sitting on surplus then I would start worrying[/quote]

Can you identify the nexus between the municipalities and the Fed?[/quote]

Logic:
The most important job of the Gov is to keep the citizens safe and provide basic services.