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One of my concerns is financial stability of Illinois and California and their ability to service their debt. 60 MINUTES highlighted this concern on last night show. Meridith whitney believes this is the next financial crisis. We have learned the debt market is linked to the equity markets.

Do others share the same concerns. If yes, what are strategies to be deployed?

Whitney believes this may be 12 months away, however I am concerned that congress will reduce money to the states as they cut back spending which will accelerate the situation.

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