Originally Posted By Mrs ElderP I guess is it was Fosset (sp?) that slammed into the mountain. Did anyone here the bailout talk out of Sacramento this morning. One of the official in Sacramento said that the state hasn't been able to sell bonds/get a loan for a couple of weeks now. If they aren't able to soon all the things that the state pays for won't be getting paid for. I guess we have a month's worth of cash in Sacramento. They borrow at the begining of the fiscal year and pay back when the taxes come in in the spring. This is obviously part of the problem, we should be running 2009 off the tax money from 2008, but that would make too much sense for California. Last vote in the house the Califonia deligation was neatly split, 1/2 the republicans and 1/2 the dems each way. I wonder how much it will change in the upcomming vote, and how much of that will be due to Sacramento. We've got 53 reps, getting all of our reps for, along with the people that were for it before and you've got it in the bag.
Originally Posted By fkurucz On a related note...the stock market has quietly given back most of the record bounce from a few days ago.
Originally Posted By Mr X Funny how 350 points in a day is "quietly" these days... People are getting volatility exhaustion, I think.
