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Stockton to Become Largest US City in Bankruptcy (VIDEO)

June 28, 2012 by

 

Stockton to Become Largest US City in Bankruptcy

Stockton to Become Largest US City in Bankruptcy

In opting to become the nation’s largest city to seek federal bankruptcy protection, Stockton, California took a rare financial step of last resort after struggling with the economic downturn, soaring pension costs and contractual obligations. (June 27)

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Source: Youtube

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