This is what happens when "nuclear" OTC Derivatives forces your city Controller to consider canceling payment of all city Pensions Checks.
Los Angeles Controller Wendy Greuel on Monday said she expects the citys general fund will be out of money" by May 5 and that L.A. will likely deplete its reserve funds and be in the red by June 30.
this woman lies, they were given bailout money to save there butts...they didnt just use "reserve" money, because there was none
wordwarrior42 1 year ago