The nation’s top banker is watching Illinois and California with a keen eye on their unfunded obligations and unpaid debts.
"We watch those (states) very carefully," said Ben Bernanke, chairman of the Board of Governors of the Federal Reserve. "We also look at exposures of banks and other institutions to those states. We don't see any immediate risk there."
Sunday, July 17, 2011
Illinois, California debt being ‘watched’ by feds
Illinois Statehouse News reports:
