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California is getting a bail out by US Govt in a backdoored way through Build America Bond
Timbow 538 reads
posted

Posted By: dncphil
CA cannot wait until 2012 for the bail out.  We are 25 billion short now, and that is just six months.
I think the 25 is understated. I know that CA may face an 8 billion dollar order from fed courts re prison conditions, so just counting that we are really 33 billion short.

The pres and the Dems can't bail CA out without the House.  The people from responsible states won't vote to help.

Even New Jersey will vote against CA, since NJ is bitting the bullet and won't be overjoyed to bail out CA when CA keeps spening.
Posted By: JLWest
under Brown will go the Goverment and get a loan from Obama. They will wait until we get closer to 2012. It will be easy. Mr. Pres. give me the money and I will deliver Ca to the DEM. The Pres. and Dems will push thru the loan and Ca will survive for a few more months. But down the road they will fail along with a lot of major cities in Ca, San Diego, LA, Sac.



-- Modified on 11/20/2010 12:55:38 AM

johngaltnh2097 reads

Just wondering what others are thinking.

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dncphil1448 reads

Portugal, Ireland, Italy, Spain, Greece, along with France, are on the verge of collapse.

The system worked for a generation before they discovered the word "unsustainable."  

Next is California

Posted By: johngaltnh
Just wondering what others are thinking.

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JLWest500 reads

under Brown will go the Goverment and get a loan from Obama. They will wait until we get closer to 2012. It will be easy. Mr. Pres. give me the money and I will deliver Ca to the DEM. The Pres. and Dems will push thru the loan and Ca will survive for a few more months. But down the road they will fail along with a lot of major cities in Ca, San Diego, LA, Sac.

ReplyQuoteReport
Groovy22249 reads

The guys in "The Big Short" figured out how to do it with real estate.

Posted By: JLWest
under Brown will go the Goverment and get a loan from Obama. They will wait until we get closer to 2012. It will be easy. Mr. Pres. give me the money and I will deliver Ca to the DEM. The Pres. and Dems will push thru the loan and Ca will survive for a few more months. But down the road they will fail along with a lot of major cities in Ca, San Diego, LA, Sac.

ReplyQuoteReport
dncphil827 reads

CA cannot wait until 2012 for the bail out.  We are 25 billion short now, and that is just six months.
I think the 25 is understated. I know that CA may face an 8 billion dollar order from fed courts re prison conditions, so just counting that we are really 33 billion short.

The pres and the Dems can't bail CA out without the House.  The people from responsible states won't vote to help.

Even New Jersey will vote against CA, since NJ is bitting the bullet and won't be overjoyed to bail out CA when CA keeps spening.

Posted By: JLWest
under Brown will go the Goverment and get a loan from Obama. They will wait until we get closer to 2012. It will be easy. Mr. Pres. give me the money and I will deliver Ca to the DEM. The Pres. and Dems will push thru the loan and Ca will survive for a few more months. But down the road they will fail along with a lot of major cities in Ca, San Diego, LA, Sac.

ReplyQuoteReport
Timbow539 reads

Posted By: dncphil
CA cannot wait until 2012 for the bail out.  We are 25 billion short now, and that is just six months.
I think the 25 is understated. I know that CA may face an 8 billion dollar order from fed courts re prison conditions, so just counting that we are really 33 billion short.

The pres and the Dems can't bail CA out without the House.  The people from responsible states won't vote to help.

Even New Jersey will vote against CA, since NJ is bitting the bullet and won't be overjoyed to bail out CA when CA keeps spening.
Posted By: JLWest
under Brown will go the Goverment and get a loan from Obama. They will wait until we get closer to 2012. It will be easy. Mr. Pres. give me the money and I will deliver Ca to the DEM. The Pres. and Dems will push thru the loan and Ca will survive for a few more months. But down the road they will fail along with a lot of major cities in Ca, San Diego, LA, Sac.



-- Modified on 11/20/2010 12:55:38 AM

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dncphil1210 reads

The amount of money CA needs is so huge, they won't be able to slip it by without a hell of a lot of notice.  Build America Bonds have specified uses.  A "Bond" to cover union pensions or other stuff CA need to pay for is going to cause such a ruckus.

No way.

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Timbow1399 reads

Posted By: dncphil
The amount of money CA needs is so huge, they won't be able to slip it by without a hell of a lot of notice.  Build America Bonds have specified uses.  A "Bond" to cover union pensions or other stuff CA need to pay for is going to cause such a ruckus.

No way.

http://www.youtube.com/watch?v=cYIvGOlP4UQ

-- Modified on 11/22/2010 6:53:55 PM

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JLWest2185 reads

I think the fact there talking about it means the IMF and EC will have to bail them out and next will be Pourtgal then Spain. Not to mention Greece may need another bail out.

The real problem is the interlocking debt of all the banks. Spainsh banks owns the Irish bonds Germany owns Portugal, Itialian debt. If one goes they all go. It's the Global new world order that's the real problem.

I do know the German public is feed up with all this. They are hard working and don't like the idea of bailing out Greece with all there welfare, retire at 58 on full pensions.

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willywonka4u753 reads

Related Link: The Pan-European Bank Mutiny Day?

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