California may Issue IOUs

by Dual Income No Kids 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.



Get Your FREE Ebook


DINKS (Dual Income No Kids) Finance focuses on personal finance for couples. While by no means financial experts, we strive to provide readers with new, innovative ways of thinking about finance. Sign up now to get our ebook, "Making Money Tips for Couples" FREE.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: