City of Houston is Bankrupt (So are California, Oregon, and Pension Plans in General)
Houston, we have a problem. We are bankrupt.
That is the finding of Bob Lemer, CPA, Retired Partner at Ernst & Young; Aubrey M. Farb, CPA, Retired Partner at Grant Thornton; and Tom Roberts, CPA, Retired Partner at Fitts Roberts.
http://globaleconomicanalysis.blogspot.com...upt-so-are.html
