Massive debt makes state the largest distressed borrower.
Los Angeles Business Journal › October 27, 2003
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Summary
Who's Who Banking & Finance--Lenders Of Last Resort
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Massive debt makes state the largest distressed borrower.
WHEN it comes to desperation borrowing in recent years, no one tops the state of California.
Nearly $11 billion in power revenue bonds to bail the state out of the energy crisis. Another $4 billion in bonds to be repaid with tobacco settlement funds to help close a budget deficit last year. Then the...See the full content of this document
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