California may Issue IOUs

by James & Miel on June 30, 2009 · 0 comments

Hi All,

This just in. California may begin issuing IOUs to companies doing business with the state (LATimes).

This is bad news. It means the state government doesn’t have any cash. They are not operating on the same terms as private business.

If you are considering buying state issued California bonds, I’d think twice about it. They may not have the money to pay you.

Best,

James

Like DINKS? Subscribe!

Screen_shot_2017-04-25_at_1.36.57_pm

Subscribe to get the latest DINKS Finance content by email.

Powered by ConvertKit



{ 0 comments… add one now }

Leave a Comment

This blog is kept spam free by WP-SpamFree.

Previous post:

Next post: