The saga that is Stockton’s bankruptcy proceedings continues. It’s not much more than a week after a federal judge accepted the city’s bankruptcy plan, and Creditor Franklin Templeton Investment has appealed the ruling. The creditor is upset it’s being reimbursed pennies on the dollar while pension giant CalPers is being paid back in-full. Stockton Record Columnist Michael Fitzgerald has been following the proceedings from the beginning and joins us to for this week’s News Network with his take on the issue.
October 12, 2017