View Full Version : Think the Federal gov't won't bail CA out eventually...
Stock the 6 B's and let the chips fall where they may....
In the end, when the last printed Federal note says a Trillion Gazillion New Dollars...like it will matter
A bond that pays a ridiculously high rate, is not callable or payable early, and has no repayment for decades.
Frankly it might make a decent investment on a flyer just to have in the portfolio.
What you are betting is the school district will not file bankruptcy in those decades, or as they come due to avoid payment.
I don't know what the denominations are or the discounting on them, but it could have a place in a portfolio.
I looked for it and I couldn't find the bond on the market yet.
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