Your tax refund check fom the state of CA for 2008 might be an IOU in lieu of a check. [MSNBC]
Meanwhile, here is an eye-popping article [LATimes] which exposes the financial legerdemain cities in CA have practiced in order to finance themselves into looming bankruptcy.
Gotta love them FI-NAN-SHALL geniuseseses.
Hmmm, I guess if I paid the state my taxes owed with my personal IOU they’d understand, eh?
Robert Rubin is a part owner of the highend fly fishing shop Urban Angler (stores in NYC and DC), in which Andy and Mark Madoff are also investors.