California may need emergency $7 billion loan

Glub!

Can I request a loan too! Just 1billion please. thanks.

Wonder how this money will get sneaked in under our noses.

Lets see...7 billion times 50 states is...35 billion dollars..OH! thats cool, it isn't as much as the feds need....lets drop the federal government and all states go independent...then we will be the ISA..Independent States of America. THEN, we won't need the darn IRS or any of the other bullshit from Washington DC

What next?

If our states aren't funded we cut people...

Can you imagine dialing 911 and no one responds, or the ambulance shows up 3 hours later?

Where is the new lender to beat out all these old guys for our business?

Seems like some one would take up the market, that's what capitalism is sposed to provide right? Competition?

What a freakin terrible mess the Bushwhackers have created for the world with Bush and Co,'s axis of greed Oil-Guns and Bombs.

No. What a terrible mess California created themselves. They've been digging this hole for years, because that state government cannot spend right. Just like congress.

And it is the fault of Clinton that certain financial institutions failed this year. He even admitted to being part of the problem. Plus so have many people who know what they are talking about. This issue started way before Bush. It just so happens he is in office when it all comes crashing down.

If Ahnald would just step up and legalize weed, they'd rake in double that in about 2 weeks.

America is so full of it! Private compainies crashing should not affect daily government funds for a state if the system is running correctly. Something is very fishy about this.

7.$$$.$$$.$$$

omg!! me too, but i only need about 4 million..

my house is going to forclosure since i got laid off for poor economics, they couldnt afford to keep the 'lower class', and mortage went up another thousand thanks to taxes

my car is being repo'd since i can no longer pay for the car note (mind u, its a hybrid) and i still cant afford gas

my kid will be kicked out of school shortly since i dont qualify for any type of government grants and havent paid the school for the first or second quarter, and she is goin into the 4th

and i will also be goin into bankruptcy for my eldest child already went and finish school but i havent paid one dime on the loans and its been past due for a year and half

but california comes first!!!

Exactly when and how did California's financial situations start going down the toilet hole?

omg california now! whats going on here people! canada seems closer and closer each day!

It truly is fascinating how the people who oppose taxes are the ones asking to be bailed out by taxes.

I need some money too...im broke...i would like at least about a $7,000 no intrest loan?

I just read my Voter Information Guide for the 2008 election in California. In it there are a couple propositions that involve borrowing money (loans) for various projects. In each of those propositions the total amount of the interest payments exactly equals the original loan amount.

So reading, "California may need emergency $7 billion loan," makes me think we would then be paying a total of $14 billion, including interest.

And so it begins.......

I guess Arnold didn't get the memo - weed is green in all kinds of ways- from munchies to economy - good revenue for the state!!!

Get to da Treasury!!!

so california is in need of 7 million dollars ? hmmm and the govenator just vetoed a bill that was a step in decriminilizing marijuana. i bet if you legalized in arnie you would find your needed 7 million and then some but i guess you dont see the forest from the trees.

Hey Congress, I need some money, too! D'ya mind printing off some of that fake, "backed by gold", monopoly money for me? Thanks!

When the Governator can't even save his state from financial problems, we know our country is in major trouble.

How about this for a bail out, give every us citizen over the age twenty six 300,000 dollars to pay off mortgage(banks get there money off the top ) after ALL you debt if paid up to date.. the rest of the money is yours to do what ever... it's a win, win...

So the $700b bailout is just Bush putting his finger in ONE hole in the dam while other leaks are just being revealed.

The tightening of credit resulting from the banksters fraud will cause major financial implications around the world.

This is the major flaw with the $700b bailout - it doesn't address the underlying issues and won't stop the ensuing flood of financial insolvency.

Time to print more money, folks!