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California, Short of Cash, May Ask U.S. for (7$ BILLION BAILOUT) Loan

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posted on Oct, 3 2008 @ 03:58 PM
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California, Short of Cash, May Ask U.S. for (7$ BILLION BAILOUT) Loan


www.nytimes.com...

With the credit crisis cutting off access to short-term financing, California officials said the state may be forced to ask the United States government to lend it $7 billion, warning that the state could run out of money in a few weeks without it.

(visit the link for the full news article)



[edit on 3-10-2008 by Terrapop]

[edit on 3-10-2008 by Terrapop]

[edit on 3-10-2008 by Terrapop]

[edit on 3-10-2008 by Terrapop]




posted on Oct, 3 2008 @ 03:58 PM
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At a news conference Friday morning in San Diego, Mr. Schwarzenegger congratulated Congress on approving the $700 billion bailout for the financial system, but warned that the state still could face financial turmoil...

Now California needs a bailout! What's next? This is really getting absolutely ridiculous!

anonymouse.org
(visit the link for the full news article)



posted on Oct, 3 2008 @ 04:29 PM
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Please direct your replies to this thread, already in progress:

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Thank you for your post. Thread closed.

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