Saturday, December 20, 2008

Californian uncertainties

This clip is from Bloomberg, so I would not take it verbatim. Reading between the lines, either somebody there wants to hurt the current Cali bond holders real bad, or more likely a gigantic amount of US taxpayer money will be confiscated (again) to keep the state services running. Regardless, it is a good idea to try and read between the lines.

0 Reflections: