Godlike Productions - Reply to Thread

Users Online Now: 2,170 (Who's On?)	Visitors Today: 1,008,581
Pageviews Today: 1,875,681	Threads Today: 907	Posts Today: 16,371
08:40 PM

REPLY TO THREAD

Subject Breaking_Arnold ‘Mr. Freeze’ Schwarzenegger tries to Un-Freeze California Credit

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

[quote:Anonymous Coward 340451:MV82MzExNTBfMjRBQ0QxNEI=]
Arnold ‘Mr. Freeze’ Schwarzenegger tries to Un-Freeze California Credit

Gov. Arnold Schwarzenegger in a letter Thursday night to Treasury Secretary Henry M. Paulson Jr. said that with credit markets essentially frozen, the state, like a slew of others and local governments nationwide, had no access to the short-term financing that normally support day-to-day operations.

“California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the Federal treasury for short-term financing,” Mr. Schwarzenegger said in the letter, which was first reported by The Los Angeles Times.

Treasury officials said they were reviewing the letter.

As the nation’s most populous state, California’s precarious finances underscore the depths of the financial crisis. The emergency handout, the equivalent of $192 for each resident, would rival the federal government’s bailout of New York City in 1975 as it teetered on bankruptcy.

http://www.govgap.com/2008/10/04/arnold-mr-freeze-schwarzenegger-tries-to-un-freeze-california-credit/
[/quote]

Original Message Arnold ‘Mr. Freeze’ Schwarzenegger tries to Un-Freeze California Credit

Gov. Arnold Schwarzenegger in a letter Thursday night to Treasury Secretary Henry M. Paulson Jr. said that with credit markets essentially frozen, the state, like a slew of others and local governments nationwide, had no access to the short-term financing that normally support day-to-day operations.

“California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the Federal treasury for short-term financing,” Mr. Schwarzenegger said in the letter, which was first reported by The Los Angeles Times.

Treasury officials said they were reviewing the letter.

As the nation’s most populous state, California’s precarious finances underscore the depths of the financial crisis. The emergency handout, the equivalent of $192 for each resident, would rival the federal government’s bailout of New York City in 1975 as it teetered on bankruptcy.

[link to www.govgap.com]

Pictures (click to insert)





\| Next Page >>