Oct

24

Schwarzenegger’s Fiscal Discipline is Terminated by Subprime Mortgage Slump

Filed Under Mortgage News, Mortgage Video, Subprime Implosion, Subprime Mortgage, Subprime Mortgage Industry 
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Schwarzenegger’s Fiscal Discipline is Shattered by Subprime Mortgage Slump. The California Governor is Preparing to Charge $7 Billion to Taxpayers; Tomorrow California Residents Will Sell Notes to Help Pay Bill Until Tax Money Comes In; Looks to be Largest Short Term Loan Loss Since Schwarzenegger Took Office

Transcript:

Arnold Schwarzenegger is about to charge $7 billion to taxpayers. Tomorrow California will help to pay bills and tax money comes in. It will be the biggest short term loan since he took office. it is almost five times more than the state bar of last year. the debt is growing largely because of the housing slump. — ban the state borrowed last year.

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