It's simple: You should not build your house in places where you can't get private flood insurance.
Sometimes a bankruptcy isn't evidence of some hedge fund manager's hubris or humiliation, but merely a reminder that risk is part of capitalism.
Customers lost billions in bitcoin, and former operator Mark Karpeles could gain well over half a billion.
Aquion Energy files for Chapter 11. Will Tesla's Gigafactory be next?
Those who call for aid shouldn't ignore where the territory's money actually went.
Families could end up with just pennies on the dollar.
Stockton has apparently learned nothing from its embarrassing financial boondoggle.
A federal judge approved Stockton's bankruptcy exit plan which punts on pension debt. But other cities are free to tackle the problem, and they must.
A major blow against the sanctity of public employee pensions in California
Owes more than $3 million to 20 creditors
Some objectors remain steadfast
But it's up to politicians and voters to fight for reforms
About 40 percent of the lights in the city don't work
Help shave off the billions in debt
Not an investment in the future but in people who know the right politicians
Chaos and lawsuits galore
The gravy train is not coming
Did city do enough to try to avoid bankruptcy?
Currently having them appraised
Says years of litigation would be "horrendous"
Trustee program is intended to be independent and impartial
The story of the failing city reaches chapter nine