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Stockton, CA bankrupt: Expect Cyprus like solution for bond holders
The Washington Times ^

Posted on 04/02/2013 6:05:54 AM PDT by outpostinmass2

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To: ladyjane

I have my money with a SOUNDLY MANAGED bank, and I know how to read a balance sheet and assess the risk of an asset portfolio.

And I don’t believe in socializing banking losses, placing private risk losses on the shoulders of taxpayers who were not taking those risks and not reaping those rewards in the “good” times of the bubble economy.


21 posted on 04/03/2013 6:47:37 AM PDT by babble-on
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