Check Out The 11 U.S. States Most Likely To Default And Need A Taxpayer Bailout In The Next 5 Years

A list of the worst state risks, ranked by cumulative probability of default (CPD). Default risk is measured by fluctuations in the state's CDS rating, and the max level of that rating.  The spread of each 10-year CDS is listed, as well as the implied credit rating of each state on the list of fiscal losers.

Slideshow with photos...

• The 11 States Most Likely to Default in the Next 5 Years

Related reading...

• You Thought California State Pensions Were Out Of Control? Wait Until You See This List From Illinois

• Meredith Whitney, Chris Christie On 60 Minutes: Illinois & California Are Bankrupt, States Face Reckoning Day

• Stanford Study Finds California Pension System Underfunded By $500 Billion

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Slideshow from earlier this week...

• Setting the Police on fire in Greece - Austerity Riots

Source - CMA Datavision

Comments

[DailyBail]

http://www.businessinsider.com/states-need-bailout-2010-10

source for data...

[DailyBail]

« The Governator Wants Your Help With California's Budget Crisis »

http://dailybail.com/home/the-governator-wants-your-help-with-californias-budget-crisi.html

video - runs 28 seconds...

[DailyBail]

« The Tunnel People Of Las Vegas: How 1,000 Live In Flooded Labyrinth Under Sin City's Shimmering Strip »

http://dailybail.com/home/the-tunnel-people-of-las-vegas-how-1000-live-in-flooded-laby.html

[DailyBail]

« BELTWAY CHATTER: Will A Republican Victory Mean Bankruptcy For California? »

http://dailybail.com/home/beltway-chatter-will-a-republican-house-victory-mean-bankrup.html

[DailyBail]

Sign of the Times: 'Stop Global Warming' Sign Buried in the Snow

http://whatreallyhappened.com/comment/reply/93546

funny stuff...

[DailyBail]

SYDNEY (MarketWatch) -- Chinese Vice Premier Wang Qishan said Tuesday that China is prepared to help European Union countries with sovereign debt issues, Chinese state media Xinhua reported. Speaking at the High-Level Economic and Trade Dialogue meeting, Wang said that China supports the actions already taken by the European Union and the International Monetary Fund, according to the report.

http://www.marketwatch.com/story/china-official-says-will-help-eu-with-debt-report-2010-12-21

[DailyBail]

Spain borrowing costs rise at bill auction

http://www.marketwatch.com/story/spain-borrowing-costs-rise-at-bill-auction-2010-12-21

[john]

recent flashback (this june).

http://www.businessweek.com/news/2010-06-12/mercer-will-pay-500-million-to-settle-alaska-pension-lawsuit.html

[DailyBail]

great link john...hadn't seen that...

[S. Gompers]

Ohio is number 9, we have just the Governor coming in to finish the job. He got a lot of experience at Lehman Brothers...

[john]

http://www.mcclatchydc.com/2010/12/22/105708/fed-could-have-saved-many-smaller.html

[DailyBail]

Our platform provider for the Daily Bail finally built it into the system so that we can TURN OFF the security feature for commenting. We jsut made the switch 5 minutes ago...so now you should no longer have to enter security info on the 2nd page before your comment is posted...we've been losing about 30% of all comments from people who didn't see the 2nd security page...it was extremely frustrating for you and for us...and now it's gone...we might get nailed by spam but at least commenting is now less complicated...

Also, we have been patiently awaiting the rollout of new comments formatting...allowing you to log on with social media (your facebook and twitter accounts) as well as respond DIRECTLY to another user's comment...this in particular has driven me crazy and we've been asking for this feature since day 1...now 2 years later we have been told it is coming soon...thanks for everyone's patience as we improve the discussion experience...

[TR]

DB, I'm still commenting. Better turn the security feature back on. No social media for me. I'm ANTI-SOCIAL.

All you DUDES, don't BOGART that joint.

http://en.rian.ru/russia/20110923/167070332.html

http://www.globalpost.com/dispatch/news/regions/americas/mexico/110922/mexico-president-calderon-legalize-pot-marijuana-drug-war

[TR]

This will piss off the REPS.

http://acapella.harmony-central.com/showthread.php?2828440-Who-Increased-The-Debt