The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Bank Holding Company who wrote (201670)	5/11/2009 12:26:59 PM
From: Elroy Jetson	Read Replies (2) of 306849

Folks in California gave Governor/President Reagan his start - with the "don't pay for what you spend" plan, which later proved so popular nationally. The state and municipal budget problem in California is easy to solve, but I suspect it's going to require a a court-appointed trustee in a Chapter 9 Bankruptcy to implement. Chapter 9 bankruptcy was what it took to fix the finances in Orange County, CA which was the epicenter of Reagan-esque financial irresponsibility and magical thinking. .

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