California Won't Accept Its Own IOUs

Re:California Won't Accept Its Own IOUs by zargon on Tuesday August 11, 2009 @04:56PM (#756383)

Great reason not to do business with the state. In any other transaction you get to dictate the form of payment, but in the government's case it's the other way around because you have no recourse if they renege.

[ Parent | on HN ]

Re:California Won't Accept Its Own IOUs by gamblor956 on Tuesday August 11, 2009 @08:10PM (#756874)

Actually, you can sue them, which is what the businesses in question are doing.

It's not the best recourse, but it is the recourse intended by our system.

[ Parent | on HN ]