Stockton, Calif. prepares for bankruptcy. Are other U.S. cities at risk?

By The Christian Science Monitor
Wednesday, June 27, 2012 23:59 EDT
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A view of Stockton's city center and waterfront, via Wikimedia
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Stockton, Calif., prepares for bankruptcy. Are other US cities at risk?

The flag of Stockton, Calif., flies near city hall on June 26, in Stockton, Calif. (Ben Margot/AP) The city of Stockton, Calif., population 290,000, is paving the way for a court filing that would make it the largest US city ever to enter bankruptcy. Stockton got trapped between a housing bust, which…

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