Source: money.cnn.com
…
In the past year only one city has actually defaulted: Menasha, Wis. (Warrens, Wis. narrowly averted a default by agreeing to forbearance on a state loan.) But that could increase, says Matt Fabian, managing director at Municipal Market Advisors.
Rampant unemployment, tepid consumer spending, and deeply underfunded public pensions are the leading causes of the [...]
We’ve been waiting on this one for a while now…
Over the next several years, failed commercial real estate loans could litter American cities with empty stores and office complexes, cause hundreds of bank failures and weaken the economy, a watchdog report says.
Banks face up to $300 billion in losses on loans made for commercial property and [...]
Launched in March by Las Vegan Stewart Rhodes, Oath Keepers bills itself as a nonpartisan group of current and retired law enforcement and military personnel who vow to fulfill their oaths to the Constitution.
More specifically, the group’s members, which number in the thousands, pledge to disobey orders they deem unlawful, including directives to disarm the American [...]
