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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (422208)10/3/2008 7:27:33 PM
From: tejek  Read Replies (1) | Respond to of 1572107
 
Damn! Now CA needs a bailout.

Schwarzenegger predicts difficult path for Calif.

Report: Governor sent letter to Treasury Secretary Paulson to ask for help

msnbc.msn.com



To: TigerPaw who wrote (422208)10/3/2008 10:55:35 PM
From: TimF  Read Replies (1) | Respond to of 1572107
 
Insufficient reserves (or to put it another way too much leverage), and bad loans which where bad partially because the down payments where so low (and thus they also had too much leverage, although that wasn't the only problem with the loans)


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