Question: I live in California and own California State Bonds. What happens to state bonds if the state goes bankrupt? Paul Solman: They stop paying, both interest and principal. That’s what a default IS. Last September 15, Lehman Brothers…
By Business Desk
Enron founder Kenneth Lay, who was awaiting sentencing after being convicted in one of the most high profile business fraud trials in history, died Wednesday at the age of 64.
By PBS NewsHour
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