California Bonds

The ads on the radio have been often and unrelenting. California is offering bonds to the tune of over 8 billion dollars!

Hey, maybe I should offer bonds of up to 1 biilion dollars.

Same difference, same backing, same investment opportunity.

California is paying its employees with IOUs. Its credit rating is non-existant. These are not junk bonds they are offering, these are toilet bonds!

I cannot believe that an organization that is essentially bankrupt is spending money it does not have on ads that will not deliver results.

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