Stockton Gala Days

10,000 Maniacs - MTV Unplugged - Stockton Gala Days from Kaptop on Vimeo.

Stockton Ca became the largest city bankruptcy on record today and burden sharing and pension system hits will be a heavy topic to come. Stockton owes CalPERS a cool $900m and 4 to 5 cities (like San Jose) are watching how the hits will rain down. Bailouts and loss recognition have returned to US shores, if they ever really left. Stir in some Dennis Rodman diplomacy with a Nuke start up and the "honey badger" equity market could be in for something more than seasonal indigestion.

 

 

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