California: A Greater Credit Risk Than Greece?

Long governed by extreme left-wing representatives, California's golden years appear to be far behind. This is a shame, as its economy is one of the largest in the world, which is all the more reason why California's current budget mess is so troubling.

In this article,

Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece's current debt woes.