Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (72865)	3/16/2010 9:04:45 AM
From: Snowshoe	Read Replies (1) of 74559

>>Give us $1000 now and we'll give you back $200 in 40 years<< Mq, you're making stuff up again. California issued IOUs last summer, and began repaying them in September. Furthermore, the IOUs were transferable so folks could sell them at a slight loss to others willing to incur the risk of buying distressed debt.

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