Hat tip: Credit WritedownsCalifornia's probability of bankruptcy is listed as 20%. The fact that it isn't higher may spur the legislature on to greater spending.
Last week, Greece was rated number 1 most likely to go bankrupt but, thanks to the bail-out plan, it is now ranked only at #4.
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1 comment:
Greece was number 1 before? The plans that they've made to alleviate themselves from the brink of bankruptcy must have been really effective that it lowered them to number 4. Would the effect be the same if the state of California went through the same method?
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