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Tag: iou craigslit

Be Careful Trying to Sell California IOUs on Craigslist and eBay

But, be even more careful buying them. Last week California essentially went bankrupt.  No –its is not a formal or complete bankruptcy, but when you can’t pay your bills and you are $25 billion underwater I would call that bankrupt in my book. When California couldn’t meet its obligations, it began issuing IOUs instead of […]




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