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IPFS News Link • Economy - Economics USA

SEC to call for Calif. IOUs treated as securities

07-09-2009 • AP

The recipients of billions of dollars in IOUs being issued by California soon may have a regulated market where they could sell them. A regulated market for the IOUs would make it easier for individuals holding them to sell them at a fair price, analysts said.

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Reported By Powell Gammill

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2 Comments in Response to SEC to call for Calif. IOUs treated as securities

Comment by RickStone

Entered on: 7/9/2009 6:09:03 PM

This will be something else the taxpayers will get the bill for. Now California is printing their own monopoly money. I guess they got the idea from the Fed.

Comment by Powell Gammill

Entered on: 7/9/2009 5:57:46 PM

Can't they sell them now at a market price? Or is that not a fair price?

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