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Think the Federal gov't won't bail CA out eventually...

Discussion in 'Political Issues' started by Jarhead247, Aug 8, 2012.

  1. pugman

    pugman

    6,101
    258
    May 16, 2003
    Wisconsin
    Stock the 6 B's and let the chips fall where they may....

    In the end, when the last printed Federal note says a Trillion Gazillion New Dollars...like it will matter
     


  2. Jonesee

    Jonesee

    2,358
    78
    Apr 16, 2009
    A bond that pays a ridiculously high rate, is not callable or payable early, and has no repayment for decades.

    Frankly it might make a decent investment on a flyer just to have in the portfolio.

    What you are betting is the school district will not file bankruptcy in those decades, or as they come due to avoid payment.

    I don't know what the denominations are or the discounting on them, but it could have a place in a portfolio.

    I looked for it and I couldn't find the bond on the market yet.
     
    Last edited: Aug 8, 2012