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City of Stockton will suspend bond payments


STOCKTON, California -- Hoping to stave off the ignominy of becoming America's largest city to declare bankruptcy, Stockton officials are planning on suspending $2 million in bond payments and are seeking mediation with the city's creditors.



If given a choice between bonds and 2-ply toilet paper, take the toilet paper.
Their value and usefulness will eventually converge, and the 2-ply is much more comfortable.

Entry #733


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