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

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

  1. wilburbear

    wilburbear

    #1     Jul 8, 2009
    Share
  2. stinkyfelix

    stinkyfelix

    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     Jul 9, 2009
    Share
  3. achilles28

    achilles28

    Its a good trade.

    Obama, that Commie, will bail California if things go ugly. 110%.
     
    #3     Jul 9, 2009
    Share