Relevant:
- Illinois Doesn't Pay Bills; Crisis Pushes Businesses to Edge of Bankruptcy
- Illinois Governor Wants to Borrow $15 Billion to "Balance" the Budget; Illinois Total Unfunded Liabilities Exceed $200 Billion Already
- Cost of Insuring Illinois Debt from Default Hits All-Time High; Illinois Pension Fund Loses $Billions in OTC Derivatives Positions
- Illinois Pension Fund $61 Billion Underwater; State Borrows Money For 2010 Contribution; California $20 Billion in the Hole Again
- Governor Quinn Holds Illinois Cities Hostage Over Budget Proposal; Cities Face Massive Cash Crunch
2010-06-18 — businessinsider.com
"The market has lost confidence in Illinois, a state which has now adopted its own IOU system."
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