CALIFORNIA DEFAULT RISK TURNS BROWN INTO A CAPITALIST
There is nothing like the threat of insolvency and a downgrade to junk bond status to motivate traditionally liberal politicians to abandon the environmentalists who heavily fund their campaigns. Last week Governor Jerry Brown of California tossed one of his core campaign-bundling constituency under-the-bus at a bill-signing event in downtown Los Angeles.
05-24-2010 07:30 PM
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