California Asks Feds to Back its IOUs

Add it to the list. Via: Sacramento Bee: Facing what could be the largest cash flow problem in state history, California officials are asking the federal government to back billions of dollars in short-term loans the state must seek in July. “We’re going to need cash-flow borrowing the likes of which

Posted in cryptogon.com (View<br />
            Technorati URL search 949 links from 251 sites)

Tags:, ,

;