Thursday, May 21, 2009

CBS News: Is California 'Too Big To Fail,' Too?

California, the state that gave us wheatgrass, the microprocessor and the summer of love, is about to provide us with another first: a bailout of a failing state government. Preliminary returns on Tuesday night show that voters soundly rejected ballot measures calling for higher taxes, meaning state politicians are likely to beg D.C. for a bailout.

read more | digg story

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