States now looking for Fed bailout money.... can't raise money in munical bond market.....Hey, this could get serious!!! -- Franconia College Forum

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Date Posted: 18:02:26 10/06/08 Mon
Author: Mark S.
Author Host/IP: 68.38.84.79
Subject: States now looking for Fed bailout money.... can't raise money in munical bond market.....Hey, this could get serious!!!
In reply to: Your friendly investment advisor....Mike Tyburski 's message, "For those of you who are wondering what position to take in this market I would suggest cash or fetal" on 23:01:16 09/29/08 Mon

Oct. 6 (Bloomberg) -- Massachusetts plans to sell $750 million in short-term notes this week, leading state and local governments seeking to revive debt sales after financial turmoil inhibited their ability to borrow since mid-September.

Massachusetts approached the U.S. Treasury about possible financing if it can't raise the money from private investors. California, seeking to borrow $7 billion next week, also has communicated with federal authorities, with officials saying they may run out of cash by month-end without the funding

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Replies:

Re: States now looking for Fed bailout money.... can't raise money in munical bond market.....Hey, this could get serious!!! -- Bill, 19:44:03 10/06/08 Mon
- Bill ...Watch bloomberg tv 10-08-08 12pm municipal meltdown (NT) -- Mark S., 19:45:00 10/07/08 Tue
Re: the government is dead, long live the government (NT) -- morgan, 15:19:01 10/07/08 Tue
Re: as an astrologer, yes money is spiritual. -- morgan, 16:22:29 10/07/08 Tue

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