California Banks to stop taking IOUs

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
California Banks to stop taking IOUs

I'd hate to be given one of these  checks.........

http://economycollapse.blogspot.com/2009/07/california-banks-to-stop-tak...

RSLCOUNSEL's picture
RSLCOUNSEL
Status: Bronze Member (Offline)
Joined: Sep 26 2008
Posts: 41
Re: California Banks to stop taking IOUs

There is no provision for paying debts owed to California by using their individual registered warrants.  Does this mean they don't even believe they are worth anything?

http://tedbits.blogspot.com/2009/07/california-wont-accept-their-own-ious.html

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