According to Associated Press, "The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets with the largest chunk coming to California." The Golden State will receive $476 million, with Florida netting nearly $239 million, Illinois receiving $166 million, and Ohio landing a cool $149 million. more ›

Funny, this didn't seem to be a problem last year. more ›

Unreal. more ›

While we convert our money into gold, porn, and cocaine, check out how local California house members voted on the bailout, which was defeated (29 in favor, 24 opposed) today. In favor: Nancy Pelosi (San Francisco), Jerry McNerney (Pleasanton), Jackie Speier (Hillsborough), Anna Eshoo (Menlo Park), Mike Honda (San Jose), and Zoe Lofgren (San Jose). Opposed: Barbara Lee (Oakland) and Pete Stark (Fremont). The bailout, ideally, would have rescued for the nation's dying financial industry. Oh, and be sure to read about the biggest point drop ever, which happened today, here. more ›