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Sunday, July 29, 2012

Mish's Global Economic Trend Analysis: Federal Bankruptcy Court Lets Stockton, California Cut Retiree Health Care Benefits; Flood of City Bankruptcies Coming

Repubs say it is okay to cut retiree benefits but not okay to cut AIG bonuses because of contracts.

Mish's Global Economic Trend Analysis: Federal Bankruptcy Court Lets Stockton, California Cut Retiree Health Care Benefits; Flood of City Bankruptcies Coming

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