PLAYING THE BANKING GAME: HOW CASH-STARVED STATES CAN CREATE THEIR OWN CREDIT

Ethical MarketsReforming Global Finance

Lawyer Ellen Brown  Offers Another Key Solution to our Credit Crisis,  Editor
Terry Fator: Live from Las Vegas trailer

On February 19, 2009, California narrowly escaped bankruptcy, when Governor Arnold Schwarzenneger put on his Terminator hat and held the state senate in lockdown mode until they signed a very controversial budget.1 If the vote had failed, the state was going to be reduced to paying its employees in I.O.U.s. California avoided bankruptcy for the time being, but 46 of 50 states are insolvent and could be filing Chapter 9 bankruptcy proceedings in the next two years. Read more…