The debt capitals of America

Forget earthquakes. When it comes to central California, the biggest worry these days is debt. Home to some of the fastest-growing urban populations of recent years, this region is now faltering because of plummeting house prices and over-leveraged borrowing. Seven of the 10 most credit-delinquent cities in the U.S. have delinquency rates in mortgages, auto loans and credit cards that exceed the national average... [read full story]