Provide brief summaries, 200-250 words each, of the New York City and Orange County cases.
Explain how the New York City and Orange County financial crises impacted:
- Each government
- Other local governments
- The bond market, including prospectus requirements
Explain what the financial crises implied about the operational and/or capital budgeting processes in each case.
Explain what government can do to anticipate and remedy financial crisis. Apply these actions to each of the cases.
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