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Brick Oven presents Bill Lockyer, Treasurer of the State of California:
… if California, the most-populous U.S. state, had top credit ratings, it might save more than $5 billion over the 30-year life of $61 billion in yet-to-be-sold, voter- approved debts. California has spent $102 million on municipal bond insurance in the last four years, he said.
This Bill says:
“If I stopped shaving, I’d grow a beard.”
Anybody want to buy some California bonds? Cheap?
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