California's Lockyer on U.S. Debt Stalemate, Loan

July 28 (Bloomberg) -- California Treasurer Bill Lockyer talks about the likely impact of a possible failure to raise the U.S. debt ceiling on the finances of individual states and California's decision to secure $5.4 billion in loans to cope with any credit-market disruption related to the debt ceiling. Lockyer speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)