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- Letter dated october 2, 2008LA Times: Schwarzenegger: State May Need $7-billion Loan (October 3, 2008)
- Said state might ask for emergency loan within weeksCNN: California Asks Fed for $7B loan (October 3, 2008)
- State lacking cash for day to day operations such as salaries for teachersCNN: California Asks Fed for $7B loan (October 3, 2008)
- In 1975, the government borrowed a large sum of money to the state of New YorkLA Times: Schwarzenegger: State May Need $7-billion Loan (October 3, 2008)
- Besides from that event, no state has asked for a loan of such large proportionLA Times: Schwarzenegger: State May Need $7-billion Loan (October 3, 2008)
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California might need a $7 billion loan from the government in the near future, governor Arnold Schwarzenegger said in a letter to the U.S. Treasury on October 2, 2008. The loan would be needed because the financial crisis in the nation has made it difficult for California to obtain loans from other sources. California usually borrows large sums of money at the start of the fiscal year.CNN: California Asks Fed for $7B loan (October 3, 2008)
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California Emergency Loan Questions
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Thoughts on the approved $13.4B emergency BandAid fund for the automakers which are bound to go down anyway? 3 Answersthe stockholders will pay. because part of the loan is a clause that won't allow it to be discharged in eventual bankruptcy case. what this really is, is an... read more -
Whats bad in taking payday loan for a very limited period, regardless of the high APR? 2 AnswersAs you said besides the APR which can be as much as 640% ( If that's not bad enough) is the problem is that you can get caught in a terrible cycle of taking the... read more -
What is a bridge loan? 2 AnswersWhat Does Bridge Loan Mean? A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type o... read more -
Do wages rise in emerging countries? 2 Answersyou can refer http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country for the difference in wages in different country :) read more
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California Emergency Loan Blogs and Commentaries
- Mercury News: Wall Street Crisis Threatens California's...Budget Plans (October 3, 2008)
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