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WOW: California Now One Of The Top 10 Government Default Risks In The World
The BusinessInsider ^ | 5-12-2010 | Gus Lubin

Posted on 05/12/2010 1:53:40 PM PDT by blam

WOW: California Now One Of The Top 10 Government Default Risks In The World

Gus Lubin
May. 12, 2010, 4:36 PM

Per the credit default swap market, California cracked the top ten for highest default risks yesterday -- overtaking Iceland and Iraq (via Ed Harrison):

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: bluestate; california; debt; default
I have begun my boycott of most California products because of LA's boycott of Arizona.

Unfortunately, my son is a resident of LA county.

1 posted on 05/12/2010 1:53:41 PM PDT by blam
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To: blam

Ship your illegals to California ...


2 posted on 05/12/2010 1:54:51 PM PDT by Tarpon (Obama-Speak ... the fusion of sophistry and Newspeak. It's not a gift, it's just lies.)
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To: blam

Arizonians should thank their lucky stars over severing business ties with California.


3 posted on 05/12/2010 1:58:11 PM PDT by pallis
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To: All
Image and video hosting by TinyPic
4 posted on 05/12/2010 1:59:21 PM PDT by VU4G10
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To: pallis

If CA goes, where does that put WA and OR? I noticed over the last 10 years traveling in the west that a whole lotta CA were selling out and moving out. Maybe they knew something we didn’t.


5 posted on 05/12/2010 1:59:39 PM PDT by equalitybeforethelaw
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To: blam

Over taking Iraq....Way to go Awnuld!


6 posted on 05/12/2010 2:07:34 PM PDT by AngelesCrestHighway
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To: pallis

I got news for CA, most of the illegals leaving AZ will go to CA. Stupid and getting stupider.


7 posted on 05/12/2010 2:09:32 PM PDT by Neoliberalnot ((Read "The Grey Book" for an alternative to corruption in DC))
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To: All

It appears the Union gansters running are CA are worse than the real mafia since CA had a higher default risk than Sicily.


8 posted on 05/12/2010 2:11:10 PM PDT by C19fan
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To: blam

Are you going to boycott FreeRepublic.com?


9 posted on 05/12/2010 2:12:36 PM PDT by steveo (2010 never again)
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To: blam

When Lebanon is in better fiscal shape than you are you know you are doing something wrong.


10 posted on 05/12/2010 2:13:18 PM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: Tarpon

>Ship your illegals to California ...

South Park did it with their homeless:
http://www.youtube.com/watch?v=xMsr0cLnQPI


11 posted on 05/12/2010 2:13:29 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: blam

Rest assured, in CA, the same crooked pols that bankrupted the state will be voted back in.


12 posted on 05/12/2010 2:15:47 PM PDT by Neoliberalnot ((Read "The Grey Book" for an alternative to corruption in DC))
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To: steveo
"Are you going to boycott FreeRepublic.com?"

Nah. That's why I used the word most.

13 posted on 05/12/2010 2:18:24 PM PDT by blam
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To: equalitybeforethelaw

They better leave their crappy socialist politics behind, or the same mess with follow them.


14 posted on 05/12/2010 2:25:36 PM PDT by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
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To: blam
I have begun my boycott of most California products because of LA's boycott of Arizona.

Obviously Free Republic is a Californian product you still enjoy!

15 posted on 05/12/2010 2:30:49 PM PDT by Churchillspirit (9/11/01...NEVER FORGET.)
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To: Churchillspirit
"Obviously Free Republic is a Californian product you still enjoy!"

Yup....since 1999.

16 posted on 05/12/2010 2:38:07 PM PDT by blam
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To: blam

Welcome to Socialist Kalifornia.


17 posted on 05/12/2010 2:45:14 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

Don’t worry Calif.

The Baraqqis can print enough money to keep everybody going for a long time to come - at least until Nov 2012.

(I’m so glad to have a 5% mortgage fixed for 30 yrs, LOL)


18 posted on 05/12/2010 2:49:09 PM PDT by nascarnation
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To: AngelesCrestHighway
Over taking Iraq....Way to go Awnuld!

Yeah, outstanding work gov'na.

19 posted on 05/12/2010 2:51:45 PM PDT by BluH2o
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To: blam

The worst is how liberals attempt to blame the free market for the housing crisis, when CRA was forcing companies to give loans to unqualified buyers. Obummer solution? MORE REGULATIONS


20 posted on 05/12/2010 3:35:53 PM PDT by Permanent Veteran
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To: BluH2o
Schwarzenegger Warns Of "Terrible Cuts, Absolutely Terrible Cuts" Coming In California
21 posted on 05/12/2010 3:48:16 PM PDT by blam
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To: blam
don't see Zimby on there... or do they already consider it in default/failed???
22 posted on 05/12/2010 4:53:12 PM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: C19fan
SEIU: Union.  Redefined.
23 posted on 05/12/2010 5:05:03 PM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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