California is a greater risk than Greece, warns JP Morgan chief - Telegraph: "Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece's current debt woes."
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And the state comptroller says he may have to start paying state workers with IOUs again.
2 comments:
And Illinois too. Right?
Oh, yes. Illinois may turn out to be worse off than California. It's a real race to the bottom.
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