Rumor has it that Citibank is going to go bankrupt. They already laid off 52,000 workers. If that happens, the banks are going to become nationalized. Add that to a government run auto industry, because there's absolutely no way that they're going to let Detroit go under. It would mean hundreds of thousands of laid off workers.
It's a brave new world, people.
The local news is very grim. The MTA is looking at a billion dollar deficit. 2 subway lines are going to close and service is going to cut on all lines. They're going to cram more people into rush hour trains and raise fares.
