California banks say NO to state government IOUs
Major banks in California, including Wells Fargo and Bank of America, have announced that they will no longer accept IOUs from the bankrupt, spendthrift, California state government.
While Gov. Schwarzenegger may have slowed the pace of California’s decent into the third world, the reckless spending habits of the hard far left liberal democrat majority in the state legislature has predictably brought this once prosperous state to ruin.
The rest of the country should take note.
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