hypocritexposer
Well-known member
if they quite "saving the minnows", and worrying about "tail docking", they might have more money to pay their bills.
http://hotair.com/archives/2009/07/07/big-banks-saying-no-to-california-ious/
A group of the biggest U.S. banks said they would stop accepting California’s IOUs on Friday, adding pressure on the state to close its $26.3 billion annual budget gap. …
The group of banks included Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and J.P. Morgan Chase & Co., among others. The banks had previously committed to accepting state IOUs as payment. California plans to issue more than $3 billion of IOUs in July.
Ms. Mills of the CBA said some banks were concerned that there aren’t processes in place to accept IOUs, and also worried about fraud issues.
http://hotair.com/archives/2009/07/07/big-banks-saying-no-to-california-ious/