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San Bernardino Votes to Authorize Bankruptcy Filing

The city council in San Bernardino, Calif., citing continuing deficits and the depletion of its general fund reserves, voted Tuesday night to authorize the city to file for Chapter 9 bankruptcy.

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Comments (1)
Another one off the fiscal cliff. Wake up government employees you are broke. You can't afford these pensions and fully paid medical plans
Posted by t20999m193 | Wednesday, July 11 2012 at 12:45PM ET
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