Will the next “bad event” happen in the gov sector ?

[CA renter]

Absolutely. There is a very LARGE crisis looming in municipal/state governments. IMHO, this is much, much bigger than lower housing prices (which are a good thing) or commercial RE failures (pretty bad, but we could get through it).

Shhhhh…maybe if we don’t talk about it, the problem will go away. You know, “green shoots” and all. 😉

[sdduuuude]

Just heard today some Dems were looking to redirect some leftover TARP money to the states.

[sdduuuude]

Just heard today some Dems were looking to redirect some leftover TARP money to the states.

[sdduuuude]

Just heard today some Dems were looking to redirect some leftover TARP money to the states.

[sdduuuude]

Just heard today some Dems were looking to redirect some leftover TARP money to the states.

[sdduuuude]

Just heard today some Dems were looking to redirect some leftover TARP money to the states.

[Anonymous]

Municipal/local governments are able to claim bankruptcy. States do not have that ability. They would have to be taken over by the feds, and there’s no precedent to this. This next round of cuts by California is really going to hurt (as opposed to the accounting gimmicks last year).

[Anonymous]

Municipal/local governments are able to claim bankruptcy. States do not have that ability. They would have to be taken over by the feds, and there’s no precedent to this. This next round of cuts by California is really going to hurt (as opposed to the accounting gimmicks last year).

[Anonymous]

Municipal/local governments are able to claim bankruptcy. States do not have that ability. They would have to be taken over by the feds, and there’s no precedent to this. This next round of cuts by California is really going to hurt (as opposed to the accounting gimmicks last year).

[Anonymous]

Municipal/local governments are able to claim bankruptcy. States do not have that ability. They would have to be taken over by the feds, and there’s no precedent to this. This next round of cuts by California is really going to hurt (as opposed to the accounting gimmicks last year).

[Anonymous]

Municipal/local governments are able to claim bankruptcy. States do not have that ability. They would have to be taken over by the feds, and there’s no precedent to this. This next round of cuts by California is really going to hurt (as opposed to the accounting gimmicks last year).

[patientrenter]

You guys (saying that state govt will fall apart) are smoking something. The Feds will step in to save the worst states from their worst mistakes. It’s not even a contingency: It will happen.

[patientrenter]

You guys (saying that state govt will fall apart) are smoking something. The Feds will step in to save the worst states from their worst mistakes. It’s not even a contingency: It will happen.

[patientrenter]

You guys (saying that state govt will fall apart) are smoking something. The Feds will step in to save the worst states from their worst mistakes. It’s not even a contingency: It will happen.

[patientrenter]

You guys (saying that state govt will fall apart) are smoking something. The Feds will step in to save the worst states from their worst mistakes. It’s not even a contingency: It will happen.

[Author]

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