Posts Tagged ‘california ious’

Are California IOUs Pushing Constitutional Limits?

This recession is raising all sorts of interesting sideshows. The most recent being the California IOU issuance. There are some that see this as no less than a threat to the Union. First consider that the state is working through a bill to make the IOU’s legal tender for the payment of all fees, taxes […]

The Market In California IOUs

Evan Newmark at The Deal Journal has a very clever column up on the California IOUs. Here’s a bit of it: Who says the American genius for financial innovation is dead? Nine months after Wall Street nearly destroyed itself, and we already have a burgeoning new securities market: California IOUs. Apparently, the SEC wants these […]