Tuesday, July 7, 2009

California IOU’s – Would you take them?

As I understand it, California is issuing some sort of IOU to various parties. Why anyone would accept an IOU from an entity as poorly managed as California is beyond me? Let's say you are the vendor and you get an IOU, can you deposit in your bank? Can you use the money to pay your vendors?

Simply put, they should be ashamed.

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