The Most Important California Bill You've Never Heard Of

By Joe Mathews
|  Friday, May 28, 2010  |  Updated 6:50 AM PDT
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The Most Important California Bill You've Never Heard Of

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John Moorlach, the accountant who predicted the 1994 Orange County bankruptcy sees Up to 10 Municipal Bankruptcies in Coming Year.

You probably haven't heard of Assembly Bill 155. It's a measure that would seem obscure -- whether the state should have to sign off before a city or county declares bankruptcy. But it's spawned a big fight in Sacramento.

Read the full article here.

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