2008-10-03 23:46:14.462117+02 by Dan Lyke 0 comments
Oh dear. Now California wants a $7 billion bailout. This may be the first time the Treasury has been asked to buy toxic debt by the issuer of the debt, rather than by the holder.
Maybe we should have encouraged them to take the first deal from the used car salesman, 'cause it looks like the new deal is worse.
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