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Home Page » Categories » Financial crisis of 2007 2010

The relationship between the people and their money in California is such that you can pluck almost any city at random and enter a crisis. San Jose has the highest per capita income of any city in the...

Michael Lewis Boomerang:...
The relationship between the people and their money in California is such that you can pluck almost any city at random and enter a crisis. San Jose has the highest per capita income of any city in the United States, after New York. It has the highest credit rating of any city in California with a population over 250,000. It is one of the few cities in America with a triple-A rating from Moody's and Standard & Poor's, but only because its bondholders have the power to compel the city to levy a tax on property owners to pay off the bonds. The city itself is not all that far from being bankrupt.
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1970 - Ted Cruz 1869 - Edwin Arlington Robinson 1823 - Thomas Wentworth Higginson 1912 - Lady Bird Johnson 1858 - Giacomo Puccini 1862 - Connie Mack 1957 - Susan Powter 1989 - Jordin Sparks 1949 - Ray Guy 1974 - Heather Donahue 1949 - Robin Gibb 1948 - Steve Garvey 1962 - Ralph Fiennes 1856 - Frank B. Kellogg 1943 - Paul Wolfowitz 1936 - Hector Elizondo 1993 - Meghan Trainor 1975 - Omar Dorsey 1960 - Jean-Michel Basquiat 1908 - Max Bill 1948 - Martin Yan 1869 - Bainbridge Colby 1993 - Gabriel Medina 1889 - B. Carroll Reece 1831 - Hale White 1903 - Haldan Keffer Hartline 1998 - G. Hannelius
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