Post Tagged with: "California"

March 1, 2010 05:25

California is a greater risk than Greece, warns JP Morgan chief

Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes. Last summer, California issued $3bn of IOU’s to creditors including residents owed tax refunds as a way of staving off a cash crisis.

February 15, 2010 07:22

California is America’s Greece

To think that Greece’s troubles are an ocean and a sea away from where we stand in North America is to have your head in the Mediterranean sand.

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