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Dane County wants $50 billion from feds for bailout

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Dane County Executive Kathleen Falk has asked President-elect Barack Obama to loan $50 billion of the Wall Street bailout money to local governments.

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She says the credit crunch has made it almost impossible for communities to borrow for the projects they need.

Falk said a 4 percent interest rate would help replenish the federal coffers eventually, while helping create vital community infrastructure that's now being delayed.

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