Just days after California voters rejected a series of state–budget ballot measures, debate erupted in Washington over whether the federal government should provide a loan guarantee that California officials say they need to avert a cash crisis. Secretary Geithner expressed doubt that he could help California out of our fiscal crisis. But isn’t California too big to fail?

• Jason Dickerson, Principal Fiscal and Policy Analyst in the Legislative Analyst's Office


• California Treasurer Bill Lockyer


• Congressman Adam Schiff, D-Representative for the 29th district (Pasadena)


• Jessica Levinson, Attorney and Director of Political Reform at the Center for Governmental Studies