SVB is just the tip of the California iceberg. Many homeless. People leaving. Cities in financial difficulties.
(My friends actually recorded a song titled "California Sinking" to the music of California Dreaming.)
"The specter of California’s cities and counties becoming insolvent is nothing new. Three major California cities have already declared bankruptcy, Vallejo in 2008, Stockton and San Bernardino in 2012. In October 2019, the California State Auditor’s Office reported on the fiscal health of 471 California cities."
California Cities in Critical Condition | California Globe
(My friends actually recorded a song titled "California Sinking" to the music of California Dreaming.)
"The specter of California’s cities and counties becoming insolvent is nothing new. Three major California cities have already declared bankruptcy, Vallejo in 2008, Stockton and San Bernardino in 2012. In October 2019, the California State Auditor’s Office reported on the fiscal health of 471 California cities."
California Cities in Critical Condition | California Globe
