Got this heads up today from the geeks at footnoted.org, who read virtually every SEC filing. Anyway, they found a slideshow presentation from the people at Discovery Card that shows (on page 26) Texas as one of five states in the country where bankruptcies have increased by less than 15%. Looking at the graphic, it appears that the entire West Coast will fall off of the North American continent in a big, nasty bad-credit fireball.
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