Bust: Major California City Enters Into Bankruptcy (Video)

Stockton, California boomed during the real estate bubble but went bust when it popped. Now Stockton is the first major United States city to enter into bankruptcy. Who will win and lose as creditors fight over the remains of this failed city? Find out as the Col. Allen West, Terry Jones and John Phillips tell you what is at stake for California pensions and this bankrupt municipality.

Video linked here at original source.

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