SACRAMENTO, Calif. -- California borrowed $5.4 billion from private investors Tuesday as a hedge against a possible default by the federal government....
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Like the American financial institutions that spawned the subprime mortgage crisis, Japan's nuclear crisis is largely the result of forsaking prudence for profits.
With the betting is still hot and heavy on who will default first -- Greece or California -- does the state really need to be led by someone with a Goldman Sachs mentality?
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