tag:blogger.com,1999:blog-1527840491496268397.post4007651182660986755..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: WSJ: "When States Default"Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1527840491496268397.post-60462700072810315692011-01-05T11:49:25.318-07:002011-01-05T11:49:25.318-07:00On the other hand, there are no consequences for s...On the other hand, there are no consequences for states that default, so maybe they'll just do that.<br /><br />If California repudiated its debt, Goldman Sachs would be there the next morning to lend money all over again.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-89779169789657342532011-01-05T01:40:29.720-07:002011-01-05T01:40:29.720-07:00Good post.
But, what will stop Bernanke from buyi...Good post.<br /><br /><i>But, what will stop Bernanke from buying California bonds?</i><br /><br />It would not be easy for him to do that. But it would be a sort of logical next step. <br /><br /><i>At this point, I wouldn't bet against it.</i><br /><br />Nor would I.eahilfhttps://www.blogger.com/profile/11917658744700868462noreply@blogger.com