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PERS isn't likely to be a good source. They don't buy tax exempt debt because they don't pay taxes and California doesn't normally sell its debt to entities which do not pay income taxes on the interest.
Oct 05 19:12 pm
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All Comments by Maven12 »Golden State Asks Public Pension Plan for Help [View article]
If PERS is the only place where CA can borrow at any price, then we do, indeed, have a liquidity crisis.