ious | Investing | Real Estate Investing | Advice & Tips |

Articles tagged with: ious

Home » Tags » ious

More banks are deciding not to take California’s IOUs

July 13, 2009 – 10:31 am – No Comment
More banks are deciding not to take California’s IOUs

A couple of weeks ago, California decided that it would start having to borrow money from banks using IOUs; since then, many banks have decided that they will not accept the worthless sheets of paper being issued by the nearly bankrupt state.
Now, thousands of California …