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  • Do California IOUs Carry an Implicit Guarantee from the Federal Government? [View article]
    Will or will not the Federal government bail out California?

    The answer is no brainer: the fed government is broke and cannot bail out anybody including itself.

    American political elite and its people are living in a "fantasy land" foolishly thinking that the world will come and save America being unable to see us impoverished. It appears that America is "high" on something, and a hangover will be terribly painful.
    Jul 05 16:15 pm |Rating: +3 0 |Link to Comment
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