Peter Pays Paul

Inside commercial hard money lending.

1 Dec

Schwarzenegger declares fiscal emergency in Calif.

Category: Credit Crisis, Life-in-General

Gov. Arnold Schwarzenegger declared a fiscal emergency Monday and called lawmakers into a special session to address California’s $11.2 billion deficit.

The state’s revenue gap is expected to hit $28 billion over the next 19 months without bold action.

Schwarzenegger declares fiscal emergency in Calif.: Financial News – Yahoo! Finance.

Tags: California


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Posted Monday, December 1st, 2008 at 2:46 pm
Filed Under Category: Credit Crisis, Life-in-General
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