marleniea's Space http://marleniea.posterous.com Most recent posts at marleniea's Space posterous.com Fri, 29 Jun 2012 21:55:00 -0700 Stockton California Files for Bankruptcy Court Protection http://marleniea.posterous.com/stockton-california-files-for-bankruptcy-cour http://marleniea.posterous.com/stockton-california-files-for-bankruptcy-cour

Stockton said its biggest unsecured creditor is the California Public Employees’ Retirement System, or Calpers, , the largest U.S. pension fund, owed $147.5 million, followed by Wells Fargo Bank NA, as trustee for $124.3 million in pension obligation bonds, and Wells Fargo as trustee for three other sets of bondholders owed $107 million, according to court papers.

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