CNBC's Jane Wells talks to Mayor Villaraigosa and author Joel Kotkin about the city's self-inflicted budget crisis and whether Los Angeles should, perhaps, go bankrupt. Villaraigosa vows there is no scenario in which the city goes bankrupt.
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| It turns out that the property tax add-ons levied by the City of Bell have its residents paying a higher rate than in any local city but Industry.
| More and more experts are saying that the Gulf Coast mess isn't turning out to be nearly the disaster that everybody had thought.
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