01 October 2008

West Virginia & Wall St.

Gov. Joe Manchin and other state leaders have planned a Wednesday press conference at the Capitol "to address concerns over the financial health of West Virginia following this week's failure of the $700 billion Wall Street bailout proposal," The Associated Press reports.

Manchin has repeatedly sought to offer assurances regarding the state's "Rainy Day" fund and its annual budget, as The Intelligencer of Wheeling, the Charleston Daily Mail, WOWK-TV and others have reported.

The executive director of West Virginia's Investment Management Board earlier told AP that the the state's diversified portfolio has helped insulate it from the woes of Lehman Brothers, Fannie Mae, Freddie Mac and the like.

MetroNews, meanwhile, has interviewed each of the state's U.S. House members about Monday's rejected bailout bill. It offers audio of Reps. Alan Mollohan, D-1st; Shelley Moore Capito, R-2nd; and Nick Rahall, D-3rd.

The Charleston Gazette has the reaction of Democrat Anne Barth, Capito's challenger, to the current economic crisis.

Public Broadcasting (with audio) and The Intelligencer also report on the delegation's votes on the bill.

Looking ahead, AP has details of the pending Senate version of the bailout measure.

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