Investors have spoken: The Golden State is still golden. Full Article at Sacramento Bee
We went into this estimating our total needs would be $7 billion. That's our current number
The success of this deal far surpassed all expectations
Who knows what the future will bring?
so we have to have a middle man. That's standard procedure.
It's a good deal ... I look at it like this: If the state of California goes away, I'll have a lot more to worry about than getting my money back.
Why pay a broker? ... There's no fee with U.S. savings bonds, and I can buy those online.
Unfortunately the reality is that (with the sale of the RANs) we've avoided the worst case scenario, which is not being able to pay our bills ... And the bad news is that we'll probably need to float more debt because of the current state of the economy. Corporate taxes will be down, retail sales tax wi...
The success of this deal far surpassed all expectations ... Californians stepped up and invested in record numbers, showing their faith in the state's strong credit.
It gives some indication that the credit markets, while certainly not completely defrosted, aren't as frozen as we thought
The trick is determining exactly what the magnitude of the problem is and addressing it with a single set of actions
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