It has, Detroit being the largest. But Birmingham is equivalent to LA going bankrupt in terms of population, or Salt Lake city in terms of contributions to their economy.
City councils in America go bankrupt quite frequently. New York famously almost went bankrupt in the 70s, had to basically sell itself to the banks, the big sell offs of previously public holdings in Manhatten for dirt cheap was basically what made Donald Trump his fortunes. The largest recent bankruptcy was Detroit city council, which went bankrupt in 2013 for 18 billion.
This was because they were being forced to backpack historical wages to women in government who were underpaid (not paid as much as men) so they had to file for bankruptcy to not pay.
I’ve been hearing Illinois has been on the verge of bankruptcy for years, and that they have some of the worst property taxes in the world. How bad is it really, Illinoisanons?
Just fuck off spamming thirdie
Dont bully him you jerk!
>*grabs you by the collar*
Applogize, NOW!
>muttistani
>calling a European of all people a thirdie
lmao
just kys pathetic excuse of a human being
No, you are s thirdie. Not because you are in Europe but because you are a shitskin. Also, municipality vs federal. Learn the difference
birmingham is 98% pakistani
>Just fuck off spamming thirdie
>How long till happens in North America?
Already has happened before in USA i think
It has, Detroit being the largest. But Birmingham is equivalent to LA going bankrupt in terms of population, or Salt Lake city in terms of contributions to their economy.
City councils in America go bankrupt quite frequently. New York famously almost went bankrupt in the 70s, had to basically sell itself to the banks, the big sell offs of previously public holdings in Manhatten for dirt cheap was basically what made Donald Trump his fortunes. The largest recent bankruptcy was Detroit city council, which went bankrupt in 2013 for 18 billion.
So if I'm buying fixed income, short-term banker's acceptance is way more secure than a muni?
N
why am I not surprised?
Can't wait to make a /misc/ tier Yes Minister/Thick of It with ai.
he seems a bit stressed, maybe he should go to the city council
browns can't even maintain the infrastructure europeans build. imagine actually being brown, i'd kill my whole family and myself on the spot.
Import the third world, become the third world
all this because governments wanted to import 3rd worlders to prop up housing prices.
This was because they were being forced to backpack historical wages to women in government who were underpaid (not paid as much as men) so they had to file for bankruptcy to not pay.
Backpay*
>Taking a shit so phone posting.
I’ve been hearing Illinois has been on the verge of bankruptcy for years, and that they have some of the worst property taxes in the world. How bad is it really, Illinoisanons?
uhoh. better import another 100,000 pajeets!