Philly Atlanta and Phoenix want their share

Well what the prediction has come true. When the bailout was still in the negation stages some predicted, that everyone would want a piece of the $700 billon dollar action. According to the Huffington Post, Friday three major cities asked the government for a piece of the bailout action.

“The mayors _ Michael Nutter of Philadelphia, Shirley Franklin of Atlanta and Phil Gordon of Phoenix _ made their request in a letter to Treasury Secretary Henry Paulson,” the Huffington Post reported.

Each city is undertaking their own financial crisis and believes that they are entitled to assistance, just as the financial institutions. If every major city makes request’s it will cause a major problem, the government will not be able to bail out every city.