A bailout of California?

People are starting to wonder if the Fed will starting buying California’s debt.

I suspect that the Fed will begin to do so, if it has not done so already.

There will be no more large-scale, Congress-approved bailouts. At least for a couple years. However, that doesn’t there won’t be more bailouts. The Fed doesn’t need anyone’s approval to buy assets . . . and California is going to need a bailout.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: