Friday, September 9, 2011

More Signs of California Financial Desperatio​n

California Gov. Jerry Brown signed a bill this past week that will allow the state to sell bonds in $25 denominations down from $1,000. Great! Now kids can loan their newspaper route money to the great state of California.

Treasurer Bill Lockyer has launched an ongoing marketing campaign targeting retail investors, including newspaper and radio ads, and a website,, reports Bond Buyer.

At the $25 denomination, the bonds will alse be able to trade on the NYSE as a security.

If anyone out there seriously thinks this is a sound place to put twenty five dollars, please call me and I would like to discuss your investing in my fog machine invention that I keep up in San Francisco.



  1. It should be:

  2. Jerry Brown may be economically ignorant, morally corrupt, and somewhat cognitively challenged, but at least he has a sense of personal liberty, regarding kids and helmets: he just vetoed a mandatory helmet law for kids that would have given criminal penalties to both the kids and the parents.

    In his veto message to the state legislature, he wrote:
    "This measure would impose criminal penalites on a child under the age of 18 and his or her parents if the child skis or snowboards without a helmet.

    "While I appreciate the value of wearing a ski helmet, I am concerned about the continuing and seemingly inexorable transfer of authority from parents to the state. Not every human problem deserves a law.

    "I believe parents have the ability and the responsibility to make good choices for their children."

    Now, if only he could let individual adults and businessmen go about their economic lives without the state's intrusions, thefts and trespasses!(And cut the needless and useless bureaucrats and other crap from the state budget!)

  3. @Scott: I'd say it's like a broken clock being right twice a day, but Brown being right on anything involving personal liberty happens a lot less often than that.

  4. lmao, I saw a Google ad for these on your site last night, before this posting was even up... funny stuff.

  5. the libtards in cali would probably just spend it@ the bar.