Monday, November 28, 2011

Bankruptcy, the Solution for Global Debt, but No One Speaks About It.

  • Like the article says, if you borrow too much and if the banker allowed the loan, both are at fault.
  • So both sides have to come together and make a deal.
  • Here in California, it is the only way out. The state cannot print money like the Feds. 
  • The state can sell bonds.
  • High risk, the state's revenue is being chased out by the Democrats.
Read more today, this explains debt and possible solutions. Read here at Business Insider by Henry Blodget.

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