Treasurer Bill Lockyer has been going all around the nation to sell California debt. And suffice it to say he was not one bit pleased with the so-called prediction of debt default.
The state Treasurer's Office came down hard this afternoon on a prediction from California Lutheran University economists that the state could default on some of its debt, calling the warning "balderdash" that is "nothing more than irresponsible fear-mongering with no basis in reality, only roots in ignorance." (SacBee)
