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No longer honoring IOU's??!!

Original post made by J on Jul 14, 2009

Web Link

I for one no longer intend to take my money to, or do business with these companies.

It is bad enough that people are being paid this way, but how is them losing everything they have because the cannot pay their own bills going to help an economy which is already struggling? And didn't several of these companies accept Federal bailouts fropm their own financial woes?

Comments (3)

Posted by Cholo, a resident of Livermore
on Jul 15, 2009 at 1:10 pm

Better honor my IOU! Web Link

signed,

alli-baba


Posted by Resident, a resident of Another Pleasanton neighborhood
on Jul 15, 2009 at 1:54 pm

I agree with the banks. It is not their fault that the folks in Sacramento can't do their job. If they accept IOUs, there is little incentive for Sacramento to get the job done. Those affected by this need to put great pressure on Sacramento (legislature and Arnold) as well as on the unions. Yes, the unions are a huge reason why California is in such a mess - Vallejo had to declare bankruptcy. Also, it is about time to stop unnecessary spending. We do not need a county and a state of education for example, and the countless boards and commissions must be consolidated.

Maybe when the union members stop getting paid because the state government is broke and the PRIVATE industry (banks) refuse to honor their IOUs, they will be more reasonable and agree to undo those very high pensions, benefits, etc


Posted by J, a resident of Another Pleasanton neighborhood
on Jul 15, 2009 at 4:38 pm

Perhaps you misunderstood the point of this post Resident... This wasn't a spot to bring your anti-union sentiments, there are plenty of posts already about that- Please take it there.

It was in regards to banks refusing to cash or honor the folks being paid with these IOUs. This includes the private business owner who supplies food to the prison system in the state amoung many others.

I will no longer be doing business with the banks who are making what is already a difficult time even harder for the individuals struggling to get by


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