A look at the bankruptcy ratings of debt for various governments, both nations and U.S. states. Apparently the state of California is more of a risk than the nation of Slovakia, which is shocking. Of course, the federal government will just bail out California when they can't pay the bills, which doesn't fix the problem of over-taxing and over-spending as a quick way to fiscal instability. The U.K. is in some trouble right now as well, as they could be facing a situation similar to Iceland with all their over-extended banks. The government there just had to bail out the Royal Bank of Scotland, to the tune of $31 billion. And that is the second largest UK bank after HSBC. What happens when a major government defaults? Or they become such a credit risk that they cannot get any more large loans? Next year will be interesting, to say the least.