CA: Ground Zero for Muni Bond Crash
An interesting synopsis here of a longer Vanity Fair piece on what at least one authority believes to be another potential economic catastrophe: The crash in the municipal bond markets. He thinks California will take the brunt of it. That certainly wouldn't surprise me.
The Vanity Fair article itself is lengthy and a bit beyond the capacity of my attention span. I still haven't gotten to the part where the muni bond collapse is discussed.
I did find the first couple pages entertaining, though. The author describes meeting The Governator and joining him on a crime filled bike ride through the streets of Santa Monica while they discuss the state of The State. I thought that was a fun read just by itself.