Chapter 9 municipal bankruptcy--one of my perennial topics (try here, here, and here for some samples)--is at long last back in the news.
Go here to read a news story in Bloomberg (may be behind a paywall) for a brief account of the filing by a tiny (population 245) Arkansas town named Perla.
Whatever ails Perla is likely a one-off. There will be no widespread rush to Chapter 9 as long as interest rates remain low and the economy continues to grow. But come the next economic downturn ...
Go here to read a news story in Bloomberg (may be behind a paywall) for a brief account of the filing by a tiny (population 245) Arkansas town named Perla.
Whatever ails Perla is likely a one-off. There will be no widespread rush to Chapter 9 as long as interest rates remain low and the economy continues to grow. But come the next economic downturn ...
No comments:
Post a Comment