Can China be Next.  Rumors are that the Chinese and Indian banks are on the brink of meltdown.  Los Angeles is saying it will not declare bankruptcy, but if China does not save Los Angeles, it may turn out that LA is not to big to fail.

What's this? China going bankrupt faster than U.S.?

Nov 28, 2011 – WASHINGTON Here's a shocker. China is going broke faster than the U.S., according to economic planner Kirk Elliott who is making this point ...

Three California Cities Bankrupt: 'This Is The Tip of the Iceberg ...

13 hours ago – From the blog Daily Ticker: Follow The Daily Ticker on Facebook! San Bernardino, Calif., is the latest municipality to seek bankruptcy protection ...

Bank repossesses near-bankrupt Stockton's new City Hall building ...

May 31, 2012 – A bank has repossessed an eight-story former Washington Mutual building from the City of Stockton, planned to be the new City Hall.

1. My City Went Bankrupt. Should I Flee?
   

   Forbes‎ - 9 hours ago

   Jed Kolko, Trulia Chief Economist Trulia's Chief Economist takes a deep dive into what causes a city to file for bankruptcy and whether ...

1. Bankrupt broker Peregrine has two months to wind down
   

   Reuters‎ - 12 hours ago

   CHICAGO (Reuters) - Bankrupt brokerage Peregrine Financial Group Inc, which ... Bank of England says it acted on Geithner's Libor email ...

   Top banks say they not too big to fail

   You +1'd this publicly. Undo

   Reuters-Jul 3, 2012

   (Reuters) - Nine of the largest global banks on Tuesday expressed confidence they can be salvaged or dismantled without taxpayer bailouts if ...

   9 largest US banks give regulators plans on how they'd wind down if ... Washington Post

   First wave of US “living wills” provides a blueprint for the industry Reuters Blogs (blog)