CA: Marketing the state's new bonds

San Francisco Chronicle ^ | March 4, 2004 | Kathleen Pender

[calcowgirl]

California Treasurer Phil Angelides -- who fought the sale of $15 billion in deficit-reduction bonds but now must persuade investors to buy them -- on Wednesday laid out an ambitious timetable for getting part of the deal to market.

Although voters agreed on Tuesday to borrow up to $15 billion by selling bonds, Angelides says the entire amount

[headsonpikes]

To save the taxpayers excessive Wall Street vigorish, Treasurer Phil should offshore the distribution of this paper to a boiler-room in Madras.

Just kidding.