Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

qwave> I hear San Diego City is bankrupt.

Unable to pay bills. Cash levels extremely low. City government going under with mass corruption, council men took bribes from sex strip joints, along with pension fund scandals. I hear the Mayor resigned under the coming force of SEC scandals and falsified statements. They are calling San Diego, ENRON by the SEA. Its a nice place to live, but it seems like a financial collapse is coming for San Diego City.

What impact will the coming bankruptcy of San Diego have on housing values and the business environment there?

It doesn't sound good.