Discussion in 'Economics' started by wilburbear, Jul 8, 2009.
Some folks are trying to invest in Calif IOUs. I think the IOUs pay 3.5% interest.
They are advertising on Craigslist and are willing to buy the IOUs from about 50 cents up to 88 cents on the dollar...
Its a good trade.
Obama, that Commie, will bail California if things go ugly. 110%.
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