The Big Shadow
Posted by Anonymous (not verified) on Saturday, 3 March 2012The Valley's political jurisdictions -- cities and counties -- have shown themselves to be big banks' biggest suckers. Nobody's much surprised that Stockton recently declared bankruptcy nor will they be particularly surprised if Modesto and Merced follow shortly. The three cities, aside from being the seats of adjoining counties, have been and remain at or just outside of the epicenter of the foreclosure-rate disaster in the nation.