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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ken98 who wrote (51470)12/27/2000 1:45:37 AM
From: patron_anejo_por_favor   of 436258
 
<<And when did the Clown-Central legislative mission get expanded to electric markets anyway?>>

Perhaps Davis was "reminding" Greenspan and Summers of the crisis that will ensue if PG&E and SoCal Edison default on their bond payments...If the state of Cali has to bail 'em out, it could collapse the entire muni bond market, insured by that ever-undercapitalized company known as MBIA.

That meeting is a LOT more worrisome than the media has picked up on, IMO.
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