The success of this deal far surpassed all expectations
We went into this estimating our total needs would be $7 billion. That's our current number
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.