7 Cities on the Bankrupt List

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Some of America’s cities’ financial health is as bad as that of the debt-strapped PIGS countries (Portugal, Italy, Greece and Spain). 7 US cities in particular have had their municipal bonds downgraded by several rating agencies to junk level. In other words they are worthless. One analyst said that America’s short-term budget crisis, long-term growth prospects and need for austerity are similar to Greece, obviously not an enviable comparison.

Want to know which 7 US cities are the most financially challenged ones?

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Tampa Bay Bankruptcy Center, P.A. on:

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