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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: BFree who wrote (41565)12/23/2008 9:43:30 PM
From: Honey_Bee  Read Replies (1) of 42834
 
Last Saturday was the first time that Brinker mentioned "pre-refunded" California General Obligation Bonds. Always before, he has simply said he owned them, and reassured callers that they are safe -- nary a word about his bonds "being different" (like he said Saturday).

I wrote this about the October 4, 2008 Moneytalk program: "Brinker is adamant that California General Obligation Bonds are safe. He said he owns some of them.

Here is one of many examples of a poster who was smart enough back in October to see that Brinker might be wrong when he emphatically told callers that California was too big to fail and California Bonds are safe.

"mh said...

Bob Brinker is to close to the forest to see the trees. I use to subscribe to his news letter. He has said my state of California is financial secure, there bonds are safe etc, Now Gov Sxhwarzenegger wants to borrow $7 billion from Washington. I can't believe anyone now. When we recalled the last gov Gray Davis ,everyone said the state was going broke, the state budget was $97 billion, now the budget is $147 billion. The country is full of crooks and Brinker can't blame his mistakes on them.

October 3, 2008 6:49 PM


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