08 October 2008

W.Va. and the Financial Crisis, Cont'd

  • The latest review of state finances by the Rockefeller Institute of Government shows that "West Virginia has bucked the national economic calamity, and has actually led the nation in economic growth since May," The Charleston Gazette reports.
  • A canvass of West Virginia's 53 state-chartered banks found that seven are poised to lose a combined $12.4 million from Fannie Mae or Freddie Mac stock, "but those soured investments were spread around and the banks remain well-capitalized," the Charleston Daily Mail reports.
  • MetroNews gets an overview of the bailout's potential effects from Marshall University Vice President of Business and Economic Research Doctor Cal Kent. With audio.

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