Most towns and cities, ratherthangivingup on money-losing munis, will first try farming out management to private firms, hoping for a turnaround, or spruce up their courses to prevailing standards.
The government playbook has also become pretty clear: by arresting traders like Martoma on a criminal complaint, ratherthan after an indictment, the prosecutor keeps control of the process, ratherthangivingup authority to the judge.