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To: immadashell
Wall Street can crush California like a grape any time it wants - by refusing to buy any California debt paying less than 15%, due to excess default risk.

Of course, then Obama would probably just get Bernanke to start buying it, instead. :)

7 posted on 11/27/2012 6:15:48 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Mr. Jeeves
Wall Street can crush California like a grape any time it wants - by refusing to buy any California debt paying less than 15%, due to excess default risk.

Not just that but CalPERS has a huge Wall Street portfolio and is often making demands of companies whose stock it holds -- including some of the big Wall Street banks.

I'm sure one of the requirements for its portfolio is that any company whose stock it owns not hold any California bonds or other California liabilities. Wait until that blows back on them.

11 posted on 11/27/2012 6:26:16 AM PST by Uncle Chip
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To: Mr. Jeeves
"Of course, then Obama would probably just get Bernanke to start buying it, instead. :) "

It will happen. The feds will bailout CA.

"Too Dem to Fail".

Impeach the kenyan or secession.


28 posted on 11/27/2012 5:28:55 PM PST by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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