Cliff Küle's Notes: US Cities Going Bankrupt - Seek Federal Aid

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Tuesday, November 18, 2008

US Cities Going Bankrupt - Seek Federal Aid

The list of cities is now growing - Chicago, Philadelphia, Phoenix, Los Angeles...

http://online.wsj.com/article/SB122671128138930201.html?mod=googlenews_wsj
http://www.reuters.com/article/domesticNews/idUSTRE4AD0SH20081114

Posted by Cliff Küle at 11/18/2008 05:12:00 AM

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Disclosure & Disclaimer: Andrew Haibeck is a founding partner of Cliff Küle’s Notes. He is a registered Investment Adviser with Friedberg Mercantile Group (FMG). FMG has no connection to Cliff Küle’s Notes and nothing posted on Cliff Küle’s Notes should be attributed to FMG or its principals. Cliff Küle’s Notes is intended to address broad issues. Notice that we NEVER tell readers what to invest in; We ALWAYS present issues that we hope will stimulate readers to think about the structure of our monetary system. We are convinced that the structure has become critically corrupted & unstable. The more people that understand it, the better. Hopefully, the world will return to sound & honest money. Notice the Goal that says: to present the most interesting and insightful from the multitude of available readings,... in order to save precious time for readers who are interested in understanding our world and its money. Information contained herein was obtained from sources which is believed to be reliable but is not guaranteed as to completeness, accuracy, reference, or timeliness by Cliff Küle. Any opinions expressed are those of sources that have been cited and are not necessarily Cliff Küle's interpretation of the world. Cliff Küle intends to provide information and is not intended to solicit purchases or sales of any of the securities which are mentioned. Because individual investment objectives vary, this site should not be construed as advice to meet the particular needs of any one individual reader. Any opinions expressed herein are statements of judgment as of the posted date and are subject to change without notice. Any action taken as a result of reading this is solely the responsibility of the reader. Cliff Küle strongly encourages all readers to consult with personal financial advisers, attorneys, and accountants that have no connection with Cliff Küle before making any investment decision. The maintainers of this newsletter or members of their families may have a position in the securities mentioned. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent web site, you fully and explicitly agree that neither Cliff Küle’s maintainers nor this newsletter will be held liable or responsible in any way for any decisions you make regarding any information discussed herein.

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