[TomGuy]

....soon Baltimore will be bankrupt and I can see it coming.

If Detroit does get a Washington bailout, look for dozens more large and small cities to declare bankruptcy and demand their 'fair' share from Santa Washington.

I wrote to my Rep about the very first bailout bill in 2008 that, once you start with the bailouts, where does it end? He responded by inking a comment on his standard reply that he agreed. [He had voted for the first one, but didn't vote for the follow-up ones.]

City bailouts will turn into a disaster. Although the FED can just print more money, even that 'bill' will eventually come due.

[chiller]

For some reason, Jay Carney indicated bailouts would not be forthcoming. I'd guess, Obeyme must feel it would doom mid-term elections for Dems, so it'll have to wait.

The coming dominoes would certainly present a problem. I don't see an answer, other than a healthy haircut to existing pension plans.