Philadelphia, 5th largest city in US is effectively bankrupt; Mayor holds closed meeting with Wall Street to discuss asset sales

Philadelphia, 5th largest city in US is effectively bankrupt; Mayor holds closed meeting with Wall Street to discuss asset sales. “You know a city is in deep trouble when its mayor invites Wall Street but not the press and not private citizens to a closed meeting to discuss the future, including a sell-off of city assets.” Next domino to fall?

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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