Quote Originally Posted by JBMcB View Post
when the city emerges from bankruptcy protection, it will have a snowball's chance in hell of selling any more bonds.
Not entirely true, JB. One of the more famous municipal bankruptcies in history was Orange County, California. I think they declared around '95 or so. They've been able to finance with limited success since then.

http://emma.msrb.org/IssuerView/Issu...x?cusip=684201