Sunroom Desk

California: The haves and have-nots – Reuters, Wednesday, July 1, 2009
Who is and is not getting California IOUs.

More On Those California IOU’s – Wizbang, July 7, 2009
This is not business as usual: If the banks refuse to accept the California IOU’s it is game over. If the banks continue to eat the scrip it is a de facto bailout of California by the U S taxpayer.

Big banks saying no to California IOUs – Hot Air Blog, Tuesday, July 7, 2009
The financial sector delivers a message to California leaders.

An Uncertain Road for IOU Recipients – Budget Blog, Assemblymember Noreen Evans, Thursday, July 9, 2009
Assemblymember Noreen Evans considers the problems IOU recipients will face (but offers no solutions in her post).

California IOUs to be shunned by big banks after today – Los Angeles Times, Friday, July 10, 2009
Bank of America and other big institutions plan to enforce a cutoff, making it harder to cash vouchers.

California Seeks to Redo Contracts – Wall Street Journal, Friday, July 10, 2009
State asks vendors to cut prices as part of effort to close budget deficit.