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State tries to reassure bondholders after S&P sounds alarm 
latimesblogs.latimes.com | by Tom Petruno | Tue, Jun 16
latimesblogs.latimes.com is the #1 Blogger for United States Department of the Treasury
California Treasurer Bill Lockyer has insisted all through Sacramento's latest budget crisis that he would never allow the state to renege on what it owes bondholders.
Tom Petruno
Photo: California Treasurer Bill Lockyer. Credit: University of California
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