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[Pen-l] query: state & local government bankruptcies.



Does anyone know anything about the state & local government
bankruptcies that occurred during the 1930s? what were the results?

from California,

Jim Devine / "It has always been the prerogative of children and
half-wits to point out that the emperor has no clothes. But the
half-wit remains a half-wit, and the emperor remains an emperor."  --
Neil Gaiman
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