Michael Sweet shares his opinions on the Stockton bankruptcy case in this Fox News segment. Michael believes as a result of this case, cities will look more carefully at the kinds of borrowings they will make and how they can reasonably expect to pay those borrowings off.

Click here to watch the Fox News clip.

Originally published on Fox News

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.