Reuters: Craig Brothers Quoted in “Schwarzenegger Bid to Slash State Worker Pay Halted”

"Schwarzenegger Bid to Slash State Worker Pay Halted," by Jim Christie, Reuters.

California’s general obligation bonds are selling briskly despite being rated just a few notches above “junk” status, said Craig Brothers, of Bel Air Investment Advisors. “There is still a lot of demand out there,” Brothers said. However, he added that he will wait to order more California debt. His Los Angeles firm oversees $2.7 billion in fixed-income assets, including $2 billion in municipal bonds.

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