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Can California Declare Bankruptcy?
(
slate.com
)
4 points
by
cwan
on March 9, 2010
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2 comments
mbriyo
on March 9, 2010
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[–]
Interestingly, California's debt is seen by investors as riskier than Kazakhstan's, according to Bloomberg News.
http://www.huffingtonpost.com/2010/03/01/californias-debt-no...
brc
on March 9, 2010
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[–]
While this is a competent technical analysis of the situation, I wonder what will happen if California just stops paying it's debts. Just because it's happened before, doesn't mean it won't happen.
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