AP: Atwater in California's San Joaquin Valley is the latest city in financial troubles whose leaders are considering bankruptcy.
Reuters: Furloughs and a hiring freeze will not plug Atwater,
California's budget gap and it must move more aggressively to avoid
becoming the fourth city in the state to file for bankruptcy this year,
according to its mayor.
Mike Shedlock: Either way, Atwater is burnt toast. Attempts to make bond payments is a fool's mission.
Come to California!
Source: http://www.sacbee.com/2012/09/27/4861647/atwater-officials-consider-filing.html
Source: http://finance.townhall.com/columnists/mikeshedlock/2012/09/29/california_hit_parade_rolls_on_atwater_scrambles_to_avoid_bankruptcy
Source: http://in.reuters.com/article/2012/09/24/atwater-bankruptcy-idINL1E8KKMM720120924
Source: http://www.youtube.com/watch?v=Md69zCJKD1c
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