Local governments want bailout for their Lehman Brothers losses - Sacramento Politics - California Politics | Sacramento Bee

Local governments want bailout for their Lehman Brothers losses - Sacramento Politics - California Politics | Sacramento Bee: "San Mateo County is part of a far-flung assortment of more than 75 states, counties, cities and special districts that are asking the federal government to replace at least part of the more than $2.2 billion they lost when the Lehman Brothers investment bank went belly up last fall.

The entities range from the California Public Employees' Retirement System, which lost $393.5 million, to the city of Burleson, Texas, which is out $37.22.

Closer to home, Sacramento County ($8 million), the city of Auburn ($125,000), the city of Folsom ($700,000) and the town of Loomis ($500,000) all lost money in the Lehman Brothers debacle"
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As Fred Pilot says, the bailout breadline grows.