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IPFS News Link • Economy - Economics USA

SEC to call for Calif. IOUs treated as securities

• 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.

2 Comments in Response to

Comment by RickStone
Entered on:

 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:

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