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elena_murooni

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elena_murooni

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Re: dexprs post# 50802

Thursday, 07/16/2009 5:03:09 PM

Thursday, July 16, 2009 5:03:09 PM

Post# of 110642
Nick... if our market can find a way to make money, it jumps at it. Take a look at this video.

Background: California IOU's will not be accepted at banks. Per Marketwatch: "the Securities & Exchange Commission said that those IOUs actually represent "securities," it started some machinations that could turn the IOU system from temporary assistance to the next wave of municipal finance. "

Here's how the little guy can 'discount' his IOU (remember, there are 1/2 BILLION IOU's from California):

http://www.marketwatch.com/video/asset/marketwatch%20video/B510DED1-7998-4AF6-B8BE-1C9D61FAFCB6?siteid=nwhpf


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