Thursday, February 18, 2010
More Chapter 9 Bankruptcy talk in the Wall Street Journal Today: Muni Threat: Cities Weigh Chapter 9. A very brief mention of Pittsburgh in passing in there. For those landing here for the first time, you might want to see my comparision of the financial situation in Vallejo, now in federal bankruptcy proceedings, and Pittsburgh in an old post here. But it's pretty clear the bond insurers are spooked at this point just by all this talk of more municipal bankruptcies.