Phoenix, Philadelphia, Atlanta Mayors Want Share Of The Bailout

[katty]

more: http://www.huffingtonpost.com/2008/11/14/phoenix-philadelphia-atla_n_143885.html

Phoenix, Philadelphia, Atlanta Mayors Want Share Of The Bailout
KIMBERLY HEFLING | November 14, 2008 12:51 PM EST |

Three big city mayors asked the federal government Friday to use a portion of the $700 billion financial bailout to assist struggling cities.

They sought help with the pension costs, infrastructure investment and cash-flow problems stemming from the global financial crisis.

The mayors _ Michael Nutter of Philadelphia, Shirley Franklin of Atlanta and Phil Gordon of Phoenix _ made their request in a letter to Treasury Secretary Henry Paulson.

Nutter said cities are facing an economic crisis not seen since the Depression and need help just like financial institutions.

[ixion]

1. this bailout crap is seriously out of hand

it was a bad idea to start with, and, sure enough, it's become much worse.

[katty]

2. yup, everyone is on board the bailout train....never ending