California Default

State Borrowing Billions To Stave Off Debt Crisis

AP | By JUDY LIN | Posted 09.25.2011

Read More: California Default, California Debt Crisis, Bill Lockyer, California Borrowing Debt Crisis, California Private Investors, California Debt Ceiling, California Borrowing Default, San Francisco News

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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The International Community Must Intervene -- in Japan

Jacques Attali | Posted 05.30.2011

Read More: California Default, California Mortgage Defualts, Radioactive Materials, Global Crisis, Fukushima, Japan Earthquake, Fukushima Nuclear Plant, Japan Tsunami, Radioactive Waste, World News
Jacques Attali

Like the American financial institutions that spawned the subprime mortgage crisis, Japan's nuclear crisis is largely the result of forsaking prudence for profits.

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Meg Whitman's Shady Goldman Sachs Past -- Is It California's Future?

Richard (RJ) Eskow | Posted 05.25.2011

Read More: California Municipalbonds, Curbing Wall Street, California Default, Goldman Sachs, Meg Whitman, Mr. Potato Head, Derivatives, Spinning, California Governor's Race, California, Los Angeles News
Richard (RJ) Eskow

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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