• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

California IOU's trading on E-Bay

Help Support CattleToday:

Jogeephus

Well-known member
Joined
Jul 17, 2006
Messages
24,228
Reaction score
0
Location
South Georgia
Pretty smart move on their part. I wonder how many people are now left with a worthless piece of paper that they cannot redeem. Could this be a harbinger of something bigger yet to come?
 

Lammie

Well-known member
Joined
Feb 2, 2006
Messages
7,287
Reaction score
0
Location
TX
"I'll gladly pay you Tuesday for a hamburger today."
 

Lammie

Well-known member
Joined
Feb 2, 2006
Messages
7,287
Reaction score
0
Location
TX
Jogeephus":az074wfh said:
Lammie":az074wfh said:
"I'll gladly pay you Tuesday for a hamburger today."

Ok Wimpy. :lol2: :lol2: Thought it was Thursday though.

I could have sworn it was Tuesday. I was a big Popeye fan back in the day...
 

john250

Well-known member
Joined
Jul 27, 2006
Messages
8,301
Reaction score
0
Location
Holton, IN elevation 768 ft
Tuesday. Pretty sure.
Notice that the state requirements establish reporting requirements. Thus, sale of a state IOU will be appropriately taxed. I don't know whether to laugh or cry. :cowboy:
 

Jalopy

Well-known member
Joined
Feb 16, 2008
Messages
1,759
Reaction score
0
Location
Central Iowa- USA
The "Golden State" is now the "Gold-Less State", or so it seems. I doubt anyone will sell on Ebay yet as there are at least two banks that will allow deposits of the IOU's as cash at least until Friday the 11th. So why would anyone take less than 100% for them at this point?
 

1982vett

Well-known member
Joined
Feb 3, 2008
Messages
9,261
Reaction score
28
Location
Central Texas
Jalopy":7b9segk4 said:
The "Golden State" is now the "Gold-Less State", or so it seems. I doubt anyone will sell on Ebay yet as there are at least two banks that will allow deposits of the IOU's as cash at least until Friday the 11th. So why would anyone take less than 100% for them at this point?
Same one's that exchange food for whatever.
 

Jalopy

Well-known member
Joined
Feb 16, 2008
Messages
1,759
Reaction score
0
Location
Central Iowa- USA
1982vett":23vmroae said:
Jalopy":23vmroae said:
The "Golden State" is now the "Gold-Less State", or so it seems. I doubt anyone will sell on Ebay yet as there are at least two banks that will allow deposits of the IOU's as cash at least until Friday the 11th. So why would anyone take less than 100% for them at this point?
Same one's that exchange food for whatever.

I am not sure of the reference that you are making. What I was referring to was that Bank of America and Wells Fargo both allowed that they would accept the IOU'S as same as cash for deposit until Friday. After that I assume they are not going to back the California State coffers.

As for GRanchers suggestion of using them to pay taxes it seems logical to me that they would have to accept them. Therefore they probably wouldn't. :lol2: :lol2:
 

Latest posts

Top