Doing the math
So, it seems that California may have to ask the feds for a $7 billion loan in order to meet their bills, because no one else will lend it to them. (They're blaming the tight credit market)
Even assuming a disparity in credit scores, isn't the national government about to try borrowing $700 billion? While slipping in some new tax cuts and spending here and there?
I've been getting the sickening feeling of late that "too big to fail" isn't what it used to be. Ugh.
Even assuming a disparity in credit scores, isn't the national government about to try borrowing $700 billion? While slipping in some new tax cuts and spending here and there?
I've been getting the sickening feeling of late that "too big to fail" isn't what it used to be. Ugh.