Brown Seeks Sovereign Wealth Fund to Back High-Speed Rail Line
California is courting sovereign- wealth funds, pensions and endowments for more than $50 billion to build Governor Jerry Brown's proposed bullet train to link the state's largest cities, the most expensive public-works project in U.S. history.
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#1 Dec 3, 2012
As a California resident for 69 years, I cannot believe the stupidity of those in charge in Sacramento. Thinking that they can get Californians out of their cars to ride this boondoggle of a HSR, well, good luck with that. Running nine billion dollar deficits every year and believing they can continue to borrow the funds to carry the state, delusional. The only thing that will save this state from its self is that inevitable financial meltdown that is coming. Maybe common sense and logic will "rise from the ashes". We can only hope.
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