State constitutions typically provide that the state first has to service its DEBT, then make it pension payments, and then pay for services. What we don't know is whether that order will be enforced. And ULTIMATELY, the busted state is going to be LOOKING to the federal government for a bailout. Think Greece, but on a much BIGGER scale.

Author - Eugene Fama


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Posted on 22 Jan 2025, this text provides information on Finance related to Eugene Fama. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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