AOL.com Video - Jon Fleischman Discusses the State of California's Banking

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Jon Fleischman Discusses the State of California's Banking

Description: Is California "too big to fail" or is a Golden State bankruptcy in the cards? Reason's Ted Balaker sat down with Jon Fleischman, founder and publisher of the FlashReport, to talk about California's ongoing fiscal meltdown, and how, after a barrage of bipartisan tax hikes and spending sprees, California's political class has yet to learn its lesson. (9:14)

Source: ReasonTV

Tags: The State of California's Banking , California bailout , California fiscal meltdown , Californian tax hikes