http://finance.yahoo.com/news/SEC-to-call-for-Calif-IOUs-apf-3256311581.html?x=0
Governed by MSRB....
It marks the first time since 1992, and only the second time since the Great Depression, that California has sent out notes promising repayment at a later date instead of paying its bills on time.
Governed by MSRB....
It marks the first time since 1992, and only the second time since the Great Depression, that California has sent out notes promising repayment at a later date instead of paying its bills on time.