Friday, July 13, 2012

San bernardino bankruptcy

  • SAN BERNARDINO, Calif.
  • (Huffington Post)
  • The chiefs of the San Bernardino police and fire departments vowed on Thursday to preserve the most important emergency services in light of looming cuts to city departments under the city's likely bankruptcy.
  • (msnbc.com)
  • The Southern California city of San Bernardino has seen its workers' pension costs more than double since 2006, adding to the fiscal stress that led it to the brink of bankruptcy.
  • (Bloomberg)
  • The county is home to the financially struggling city of San Bernardino, which with a population of over 200,000 is the largest municipality in the county and could become the third California city to file for bankruptcy this year.
  • (Huffington Post)
  • As San Bernardino, Calif., moved toward bankruptcy this week, municipal bond analysts were questioning how widespread the fiscal distress may prove to be, but were not predicting a wave of defaults.
  • (New York Times)
  • Police officer pay and pensions did not cause the financial crisis pushing San Bernardino into bankruptcy, the president of the police union said Thursday, July 12. "The city has mismanaged their funds.
  • (Riverside Press Enterprise)
  • LOS ANGELES—Law-enforcement officials said they have launched a criminal investigation of San Bernardino city government, which voted to seek bankruptcy protection earlier this week.
  • (Wall Street Journal)
  • San Bernardino City Hall. In 2010, the City Council was warned that bankruptcy was on the horizon.
  • (89.3 KPCC)
  • This week, San Bernardino became the third California city in seven months to seek Chapter 9 bankruptcy. When trying to close a $45.
  • (policymic.com)
  • SAN BERNARDINO, Calif., July 13 (UPI) -- San Bernardino, Calif., which filed for bankruptcy this week, is the subject of a criminal investigation, the county sheriffs department said Thursday.
  • (United Press International)

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