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California only second in default risk, says investment firm
Examiner.com ^
| 12/2/2010
| Joe Alfieri
Posted on 12/02/2010 4:52:44 PM PST by JoeA
Good news for Californians: the state is no longer the most at risk in defaulting on its obligations, according to investment firm Bespoke Investment Group.
(Excerpt) Read more at exm.nr ...
TOPICS: Business/Economy; Government; Politics
KEYWORDS: californiabudget; illinoisdebt; jerrybrown; unemployment
It's not all bad in California, we're not as much at risk to default. And the weather's better than in Illinois.
1
posted on
12/02/2010 4:52:48 PM PST
by
JoeA
To: JoeA
The scary thing is that California and Illinois, the two worst by far, have a voting population in its big cities (L.A., San Fran, Chicago) that is completely detached from the fiscal reality based on November's elections.
2
posted on
12/02/2010 5:08:57 PM PST
by
Dr. Sivana
(There is no salvation in politics)
To: Dr. Sivana
Based on the release of the names of the international borrowers from the Fed’s special credit facilities it is entirely possible the Fed will bail out California and we won’t know about it for two years.
3
posted on
12/02/2010 5:17:20 PM PST
by
dogcaller
To: Dr. Sivana
And gerrymandered to remain that way!
4
posted on
12/02/2010 6:21:34 PM PST
by
JoeA
(JoeA / Lex clavatoris designati rescindenda est)
To: Dr. Sivana
We just elected Quinn, have only a $40,000 per household unfunded pension liability in the city of Chicago, and a God only knows unfunded state pension liability.
What was the problem, again?
5
posted on
12/02/2010 6:38:39 PM PST
by
mike-zed
To: Dr. Sivana
It’s sobering to think, that as an Illinois resident, that both Illinois and California are in worse financial shape than Michigan which has a hellhole like Detroit.
6
posted on
12/02/2010 7:21:52 PM PST
by
Post Toasties
(Leftists give insanity a bad name.)
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