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{ 2009 07 10 }

California IOUs to be shunned by big banks after today

Bank of America and other big institutions plan to enforce a cutoff, making it harder to cash vouchers. To protect IOU holders from third-party speculators, the SEC defines the vouchers as securities. People holding California state IOUs — including taxpayers, vendors and local governments — will soon have a tougher …

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California IOUs to be shunned by big banks after today

Posted by admin on Friday, July 10, 2009, at 3:02 am. Filed under Uncategorized. Tagged , , , , , , , , , , . Follow any responses to this post with its comments RSS feed. You can post a comment or trackback from your blog.

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