Bank of America to accept CA IOU "warrants"

[emazur]

http://www.bizjournals.com/sacramento/stories/2009/06/29/daily59.html

Yea. How about some banks that accept Liberty Dollars instead?

 

[SLSteven]

Could this be a backdoor bailout for CA? CA issues its fiat currency the "IOU Dollar". TARP banks back the currency and then receive federal bailouts if/when the IOU dollar collapses.

 

[Cap]

Could this be a backdoor bailout for CA? CA issues its fiat currency the "IOU Dollar". TARP banks back the currency and then receive federal bailouts if/when the IOU dollar collapses.

If it isn't, you just gave them a way to do it, "under the radar" of course. I'm impressed with your logic.

 

[Sarge]

Talking about TARP funds I just spotted this on another site. Too funny! GM car under TARP.

YouTube - The First Car Made by Detroit After the Bailout

Those IOU's are going to have people in an up roar before this is all over. I was picking up this am. that even the Fed is warning their could be problems on bank fees etc if they are returned early and refused.

It sounds like musical chairs. The last one holding the IOU's, lotto tickets, if they become worthless. A lot can happen between July and Oct. at the rate things are going. Those getting them are between a brick and another brick.

 

[Brian4Liberty]

Is this a violation of the US Constitution?

The Constitution
Article 1 - The Legislative Branch
Section 10 - Powers Prohibited of States

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;

 

[SLSteven]

Is this a violation of the US Constitution?

The what?

 

[HOLLYWOOD]

$50 Billion in cash to California to write down their Debt from the stimulus package(steal from America to writedown socialist Failure)... $12 Billion in NEW CA Taxes... and they're still $26 Billion in the Whole... plus $600 Billion Pension Obligations... time for failure to FAIL.

Speaking of America's Failures:

Detroit's NEW: 6000 SUX... An American Tradition!
YouTube - 6000 SUX Commercial

GM's MagnaVolt 1987
YouTube - MagnaVolt

 

[CitizenPlain]

Good idea California,

...

 

[hugolp]

The never ending capacity of inflating the currency.

 

[LibForestPaul]

Time to start printing my own CA IOU's ? Would this involve the Secret Service, since they are not Federal Reserve Notes, or Federal Instruments? If I deposit them outside of CA, in a non NA bank, have I broken any laws?

Inquiring minds want to know!

 

[RonPaulCentral]

Nah.... just print your own IOUs of your own creation... then setup a website for people willing to trade your IOUs for services.

Hmmmmm.........

I would like to be a fly on the wall when you go to deposit some in your bank.

 

[the count]

CA perfectly mimics the demise of the roman empire

interesting how for me the state of affairs in california mimic the end of the mighty roman empire. in spite of its natural wealth and resources, CA has managed to totally ruin itself through blatant stupidity, greed, corruption, political infighting, failed immigration, excessive sex, drugs and decadence.

 

[ItsTime]

How is this legal?

@the count
Yup it was all the sex that bankrupt Cali LMAO

 

[the count]

How is this legal?

@the count
Yup it was all the sex that bankrupt Cali LMAO

you might not agree with me, but the obsession of CA, specifically San Francisco, with all things homosexual, is a sign of moral deterioration. because if it is politically correct or not (and i don't give a hoot if its not), last time i checked a species cannot survive by people having sex with the own gender.

PS only 6 percent of the population is gay even though they want us to believe its closer to 50%.

 

[tmosley]

you might not agree with me, but the obsession of CA, specifically San Francisco, with all things homosexual, is a sign of moral deterioration. because if it is politically correct or not (and i don't give a hoot if its not), last time i checked a species cannot survive by people having sex with the own gender.

PS only 6 percent of the population is gay even though they want us to believe its closer to 50%.

Sure they can, if by producing one homosexual child, they also create a more fertile female child, as is now though to be the case (http://www.medicalnewstoday.com/articles/111843.php).

In addition, your assertion that homosexuality is unnatural is just stupid, because most or all mammalian (and many avian--see the gay penguins raising an abandoned egg)) species have homosexuality.

On top of that, it's more than a bit odd that a freedom advocate at Ron Paul Forums thinks that any good at all can come of centrally directed sexual reforms.

I hope your head is ringing with cognitive dissonance by now, and maybe you'll not be so quick to blame what is either a personal choice or a genetic difference for socialist decay.

It should also be noted that the Romans didn't have a liberal attitude towards homosexuality either. You're thinking of the Greeks, who were at the apex of their civilization while supporting sexual liberalism (at least in some of their city-states).

 

[the count]

Sure they can, if by producing one homosexual child, they also create a more fertile female child, as is now though to be the case (http://www.medicalnewstoday.com/articles/111843.php).

In addition, your assertion that homosexuality is unnatural is just stupid, because most or all mammalian (and many avian--see the gay penguins raising an abandoned egg)) species have homosexuality.

On top of that, it's more than a bit odd that a freedom advocate at Ron Paul Forums thinks that any good at all can come of centrally directed sexual reforms.

I hope your head is ringing with cognitive dissonance by now, and maybe you'll not be so quick to blame what is either a personal choice or a genetic difference for socialist decay.

It should also be noted that the Romans didn't have a liberal attitude towards homosexuality either. You're thinking of the Greeks, who were at the apex of their civilization while supporting sexual liberalism (at least in some of their city-states).

Let me be more blunt: the political correctness police have been doing a good job in the last 20 years making us believe that being gay is as natural as being hetero, which it is simply NOT. in CA they even tried (or maybe they succeeded) to disseminate books in PUBLIC SCHOOLS about the 'achievements' of gays and lesbians. now i would really like to know what it has to do with anything if men like to get it up their butts? how does that qualify for anything?! this is just another piece of the puzzle that the powers that be are putting in place.

PS: you don't know your history either. read up on wiki: http://en.wikipedia.org/wiki/Homosexuality_in_ancient_Rome

PPS and let me guess, you're gay, right?

 

[torchbearer]

Wait a minute- wtf does BOA giving loans through accepting IOUs from California have to do with homosexuality again?
I missed the connection.

 

[risk_reward]

How is this legal?

It isn't. It violates both federal and state law.

 

[risk_reward]

How is this legal?

It isn't. It violates both federal and state law.

Personally, I wish more states would do this. Then tell the Federal Reserve to get lost.

 

[Objectivist]

B of A has a strange sense of business when they give credit cards to criminal illegal aliens and cash checks that have no money in the account for the State of California.

Hmm, I wonder if this would be the time to ask them to forgive credit cards balances for all those that can't pay back the money they owe? How many billions did B of A get from the Feds?

And how many board members did the Treasury get on B of A to facilitate this scheme?