When Mortgage Fraud is Rewarded: Lessons from the Great Depression Part XVIII. Charity for Financial Deviants.

California is now 7 weeks late on bringing forward a budget. Having a late budget of course isn’t something new to the sunny state. However, should we pass Friday of next week with no budget we would break a world record for our state in terms of tardiness of a budget. There has been a bit of silence after the proposal of reducing 200,000 state workers to minimum wage. The Governator has taken it to the courts against State Controller John Chiang who is refusing to follow the order. In typical California fashion this will be settled in the courts Judge Judy style.
The Governator has benefited from the housing boom in California. Money was flowing in like beer at a frat party. Tax revenues from the housing boom made the state extremely rich during these times. Everyone was spending as if they […]

Original post by drhousingbubble

This entry was posted on Sunday, August 17th, 2008 at 10:20 am and is filed under California Love, california-equity-giants, Great Depression. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

California is now 7 weeks late on bringing forward a budget. Having a late budget of course isn’t something new to the sunny state. However, should we pass Friday of next week with no budget we would break a world record for our state in terms of tardiness of a budget. There has been a bit of silence after the proposal of reducing 200,000 state workers to minimum wage. The Governator has taken it to the courts against State Controller John Chiang who is refusing to follow the order. In typical California fashion this will be settled in the courts Judge Judy style.
The Governator has benefited from the housing boom in California. Money was flowing in like beer at a frat party. Tax revenues from the housing boom made the state extremely rich during these times. Everyone was spending as if they […]

Original post by drhousingbubble

This entry was posted on Sunday, August 17th, 2008 at 10:20 am and is filed under California Love, california-equity-giants, Great Depression. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.