Dear Californians: We’ll Pay You $500 For $1000 IOUs
we don’t want to be overwhelmed by you desperate Californians looking to unload your worthless paper for our valuable paper (you know, the kind we use in New York, the money capital of the world. It’s green, in case you’ve forgotten. It doesn’t tear easily and it’s hard to counterfeit. In short, real money is pretty awesome, and if we were you, we’d be happy to get our hands on some)
How much are California IOUs really worth? The Terminator says: “I’ll be back, with more greenbacks.”