Vallejo, CA became the largest city in America to declare bankruptcy in 2008.
The working-class port city of Vallejo, California became the largest city in America to declare bankruptcy in 2008. Crime and prostitution surged as the police force was thinned by 40 percent. Firehouses were shuttered, and funding for libraries and senior centers was slashed. Foreclosures multiplied and home prices plummeted.
Continue reading… “Recently bankrupt Vallejo, California is now a model for other U.S. cities”
