"... Well, the too big to fail mentality has just hit the next level. And with this mindset the incompetent and corrupt municipal administrators just get more comfortable in their leather chairs..." (Note:  Above-noted "Bill's Blog" post also includes "As interested parties consider the possible future facing troubled state and city governments, it can be hard to blame them if they hope for, or otherwise rely on, the possibility of federal aid as a means to staunch the bleeding. Trouble is, our federal government has been accumulating unfunded obligations - huge ones - of its own.")