Just how bad has this so called “credit crunch” has become? Instead of just bailing out private companies, now it looks like the federal government will have to bailout full states.
According to the LA Times, the terminator is asking for a $7 billion loan from the government.
the governor warns that tight credit has dried up funds California routinely relies on and it may have to seek emergency aid within week…
It is another interesting chapter in the soap opera that is the “credut crunch.” To learn more about the story, head over to latimes.com.
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