Promissory Notes, Vouchers | featured news

(Image from article: "California IOUs to be shunned by big banks after today")

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Main Topics

Promissory Notes
Vouchers

Promissory Notes Topics

Bank Of America
Banks
Budget Crisis
Budget Deficit
California
California Budget Deficit
Cutoff
Iou
Sec
Securities
Speculators

California IOUs to be shunned by big banks after today

Bank of America and other big institutions plan to enforce a cutoff, making it harder to cash vouchers. To protect IOU holders from third-party speculators, the SEC defines the vouchers as securities.

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