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To: Findit who wrote (38458)11/15/2008 12:08:55 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
Bailout madness> Textron, Home Depot & Honda Ask Fed to Let Them Into Commercial-Paper Fund.



To: Findit who wrote (38458)11/15/2008 12:14:27 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
Philadelphia, Atlanta and Phoenix are asking the U.S. Treasury Department for part of the $700 billion financial rescue package to help them finance construction projects and pay bills.

Mayors in other cities are planning to make their own requests. San Jose, California, Mayor Chuck Reed said today the city may seek as much as $14 billion, spokeswoman Michelle McGurk said.

That amount is more than four times the city's current budget of $3.3 billion and equal to 2 percent of the federal bailout package. The city needs money to meet its pension and retirement costs and fund water-treatment and transportation projects, McGurk said.

I am sure Daleytown (Chicago) will ask for and get $10-25 billion.