Banks will stop accepting California IOU's Friday! Dump yours now!

Discussion in 'Economics' started by wilburbear, Jul 8, 2009.

  1. 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...
  2. Its a good trade.

    Obama, that Commie, will bail California if things go ugly. 110%.