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Can a state declare bankruptcy? What would be the implications, both legally and in the markets, let alone to residents? Some members of Congress and prominent thought leaders are beginning to openly talk about how restructuring state debts might be a really positive step, but drawing great opposition from public sector unions. Read the complete article below:
State Bankruptcy Option Is Sought, Quietly - NYTimes.com
We do live in interesting times....
David Wyld, Professor of Management
Southeastern Louisiana University
Wyld About Business (http://wyld-business.blogspot.com/)