No, because the same exact people (maybe different flesh on the outside) will be in charge after the bankruptcy. Are the voters going to vote at 102% for different people from a different political party with a different set of economic theories? Insanity is doing the same thing over and over and expecting a new result. -XC PS - Construction around the country is because of Bernake's pumping. Going to all disappear with the next regime change.
Mike Duggan, the current front runner for mayor is a different sort of candidate. He is a white (not that that should matter, but it's unavoidable to talk about race here), former CEO of a large company. He isn't from the career political caste, which is corrupt beyond recognition, so if anyone can make a difference, I think he can. The other two candidates who have a chance of winning are business-as-usual types who will continue to ruin the city. It's an interesting time to live here, to say the least. I fear that you are correct. I also think that we are due for a sizable market correction.PS - Construction around the country is because of Bernake's pumping. Going to all disappear with the next regime change.