And it served as a warning of how rapidly new and popular financial strategies can sour, leaving an apparently prosperous county unable to pay its bills.
Something is wrong when one of the most prosperous counties in the nation goes broke in boom times.
The director of Interfaith, Mike Moran, said he believed three times as many shelters were needed in this prosperous county.
Yet most California analysts agreed that the investment losses, though huge, will not derail the fundamentally healthy economy of one of the nation's most prosperous counties.
There are those unpleasant questions of how the prosperous county managed to go bust in the first place.
Established in 1833, Lauderdale County has always been one of the most prosperous counties in Mississippi.
Norfolk was a prosperous county and possessed a wealth of monastic establishments and parish churches.
Hampshire is a prosperous county - 100% of European average so, no money for the Isle of Wight.
No Republican running for statewide office has ever won without carrying Bergen, the state's most populous and prosperous county.
Around this time, the city was made a county corporate and became capital of one of the most densely populated and prosperous counties of England.