“the administration is assuming that the state can sell $10 billion in bonds”
Seriuosly, To Who. if they do find someone, they will want some hard assets
as collateral, oh say the California Coast, Yosemite, Monterey bay
......To Who. if they do find someone, they will want some hard assets......
Merril Lynch will handle the sale.
Oops, I forgot , maybe Lehman Brothers .