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Day Of Reckoning For California

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$28 Billion between now & Oct!!!!!!

Either they get baled (For how long?.....& EVERY other State then demands a baleout).

Mike

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$28 Billion between now & Oct!!!!!!

Either they get baled (For how long?.....& EVERY other State then demands a baleout).

This situation seems to change every five minutes.

First the banks said they would redeem the IOUs. Now they are not going to touch them after Friday.

Big Banks don't wan't California's IOUs

State Controller John Chiang said that without IOUs, California would run out of cash by July's end

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