Quote:
Originally Posted by sgtclub
There was an article in the WSJ yesterday that several states are actively wooing hundreds of large companies away from CA based on corporate tax rates. Apparently a couple hundred left in 2010 and the trend is expected to continue.
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The question I want answered is, if it comes to this, which state breaks the "moral hazard" firewall on Federal Bailouts to avoid bond defaults? It's got to be a huge one the govt can characterize as systemically essential, because every other state will cry for the same treatment and claim preferences are unfair.
