Why Is California Issuing IOUs? Remember Enron
By Justin Gardner | Related entries in California, Economy, Energy, History, MoneyAfter I read Matt Taibbi’s piece about Goldman Sachs gaming the oil/gas marketplace and wrote my own response, I started to think about the massive $24.3 billion budget deficit in California, and I wondered, “How could they get that far in the hole?” Sure, the global economy has tanked the past couple years and revenues [...]








