Michael Sweet shares his opinions regarding bankruptcy in the city of Stockton, California in this CCTV News segment.
According to Michael, everyone will be watching the details of this case play out and is anxious to see if the pension obligations will be reduced the same way that bonds have been. The result of this will ultimately send a strong message to cities in California and across the country.
Click here to watch the entire segment.
Originally published on CCTV News
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