The Buzz: Lone Star State loaded, but loan isn't likely (The Sacramento Bee)
While California is struggling with an $11 billion hole in its current budget, Texas'current budget has an $11 billion surplus. But forget about asking for a loan from the Lone Star State: All but $2 billion of its surplus is spo- ken for, and the rest might be eaten up by the costs of cleaning up after Hurricane Ike. Worth repeating "Instead of bringing solutions to the table, Republican ...

Nissan Motor to Sell $500 Million in Auto Loan Bonds (Update2) (Bloomberg)
Dec. 1 (Bloomberg) -- Nissan Motor Co. ’s finance unit plans to raise $500 million in the first sale of U.S. auto-loan bonds since U.S. Treasury Secretary Henry Paulson said the government would shift the focus of his financial-industry rescue package toward bolstering investment in consumer debt.

Schwarzenegger Calls Fiscal Emergency in California (Update1) (Bloomberg)
Dec. 1 (Bloomberg) -- California Governor Arnold Schwarzenegger , saying his state is going broke, declared a fiscal emergency and ordered the incoming class of lawmakers into a special session to fix a widening $11 billion deficit.

Schwarzenegger Declares Fiscal Emergency in California (Fox News)
Gov. Arnold Schwarzenegger has declared a fiscal emergency and called lawmakers into a special session to address California's $11.2 billion budget deficit.

US diluted loan rules before financial meltdown (The Arizona Republic)
AP IMPACT: US diluted loan rules before crash.