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Tuesday, September 13, 2005 10:29 PM


New Orleans is Broke


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Amist grim reporting that owners of a nursing home were charged in the deaths of dozens of patients comes the official news that New Orleans is broke.

Mayor C. Ray Nagin warned that the city is broke, unable to make its next payroll. The mayor also said the city was working "feverishly" with banking and federal officials to secure lines of credit through the end of the year.

Mike Shedlock / Mish




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New Orleans is Broke

Posted by Michael Shedlock at 10:29 PM

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