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California

Personal Finance > Don't Mess With Taxes

Using IOUs to pay California taxes, fees

Kay Bell | Wed, 07/08/2009 - 10:32am | California, California fees, California taxes |  Add a comment

Have you ever wanted to pay a bill with an IOU? Some Californians may soon be able to do just that. Golden State officials began sending out IOUs last week to buy some time for lawmakers to figure out a way to close the state's $26.3 billion budget gap. Now a bill that would requi ... Read ... Read more

Stock Investing > Mishs Global Economic Trend Analysis

Tell Wells Fargo, Bank of America, JP Morgan, and Citigroup to Go to Hell

Mike Shedlock | Tue, 07/07/2009 - 9:31am | C, California, debt securities, JPM, WFC |  3 comments

As banks and credit unions stop accepting California IOUs, a market for the securities has sprung up on eBay and Craigslist. Not so fast... California Sets Terms on IOUs as Questions Arise . As California continues to issue "IOUs", more controversy is brewing over their use. On one side, ... Read more