Monday, 21 June 2010

Moneynews

Breaking News from Moneynews.com

Report: California on 'Verge of System Failure'


It seems that California — which at one time had the third-largest economy in the world — is like the biggest U.S. banks: Too big to fail. “We are on the verge of system failure,” Jean Ross, executive director of the California Budget Project, told the Globe and Mail.


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