Finance Geek

Following the lead of the Federal Government, California this week began issuing its own currency, which it plans to use to stave off bankruptcy. “As our state staggers under massive debt, uncontrolled spending, and dysfunctional government, we look to the example of our national leaders,” said Governor Arnold Schwarzenegger. “When faced with these exact same challenges, Congress started printing money. If it’s good enough for Washington, it’s good enough for Sacramento!”
Called “Individual Registered Warrants (IRWs),” State Controller John Chiang…

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