Vallejo instantly became the nightmare scenariofor towns across the state facing a similar toxic mix of foreclosures,debts, pension obligations and the inability to raise money on bondmarkets.

• 瓦列霍的情形立刻就成了加州各地同样面临止赎、债务、退休金义务等一系列问题并且无力在债市上筹资的城镇的噩梦。