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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (107616)	1/31/2010 11:34:42 PM
From: Jim McMannis	3 Recommendations Read Replies (3) \| Respond to of 116555

RE:"As soon as a couple major cities declare bankruptcy to end burdensome union contracts and ridiculous pension promises, the stigma will be off and more cities will do it. Indeed, there will be a mad rush to do so, if the first few instances work out as well as I suspect. Cities and municipalities that get out from the grip of unions will have a huge competitive advantage over everyone else" ==== So what if Obama jumps in and puts the Unions w/Pensions ahead of the Muni bond holders? It's General Motors all over again?