| Submit your comments on this article |
| Economy |
| CA thinks it's going to sell $14B of muni bonds |
| 2010-11-15 |
| Heck, they may even be able to pay them back in 30 years after the government prints enough money to trigger hyperinflation. |
| Posted by:gorb |
| #7 California has been touting their bonds in heavy-rotation radio ads. The only angle not flogged was patriotism. |
| Posted by: Pappy 2010-11-15 21:39 |
| #6 This hit the bond market like a brick, today. It drove even the gold plated USAA long term muni bond down 12 cents, which is a huge drop in a tax free bond. |
| Posted by: Anonymoose 2010-11-15 19:16 |
| #5 The patient is dead, but it just refuses to acknowledge it. |
| Posted by: Alaska Paul 2010-11-15 12:41 |
| #4 California will be in a world of hurt in 6 months when state income tax refunds are not forth coming and people start increasing their state withholding deductions to 99. |
| Posted by: Nimble Spemble 2010-11-15 10:48 |
| #3 California is operating on the P.T. Barnum philosophy: "There's a sucker born every minute." |
| Posted by: rwv 2010-11-15 10:42 |
| #2 Why do I suspect that most of these will be secretly bought by the FED? |
| Posted by: Anonymoose 2010-11-15 08:43 |
| #1 California will be in a world of hurt within two years. First of all, the taxpayers in the rest of the states are going to tire of sending California $40 million *per day* to fund California's unemployment compensation. I think the House is going to put the clampdown on federal cash infusions to California and force it to live within its means. |
| Posted by: crosspatch 2010-11-15 03:54 |