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Bankrupting a City: Who are the Winners and Losers?

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This week's discussion is about the fallout that happens when cities go bankrupt. Who are the winners and losers? What are the common elements involved when a municipality files for bankrupcy protection. What role, if any should the federal government play in bailing- out those cities? How to tell if your city is headed into financial deep waters? What can city residents do to help prevent such calamity?

My special guest is former city councilman and current City Clerk, Arne Simonsen.

 

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