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Is the State of California bankrupt?

0
Ogilla!
3
Gilla!
2008-10-04 19:45:19

Arnold Schwarzenegger contacted Hank Paulson to let him know that the State is having liquidity problems and needs help. California ranks as the world's 9th largest economy with a population of over 30 million people, so this is quite worrying.

 

 

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" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

0
Ogilla!
2
Gilla!
2008-10-04 19:48:55

 

Schwarzenegger to U.S.: State may need $7-billion loan

"I don't think we have ever gone to the feds," said Fred Silva, senior fiscal policy advisor with California Forward, a state budget think tank.



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" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

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