[quote=TheBreeze]Even if some of these propositions pass, is anyone out there dumb enough to buy bonds from California? Isn’t the state already near bankruptcy?[/quote]
Apparently California sold $5 Billion in tax free bonds last week to what they called “mom and pop investors” in a matter of hours.
I don’t recall the rates, but I’d wonder the same thing since California can’t print its own currency.
