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California IOUs: Vendors Still Waiting For Payment

First Posted: 08/08/09 06:12 AM ET Updated: 05/25/11 02:35 PM ET

Ca Ious

LOS ANGELES -- The only thing worse than being issued an i.o.u. rather than a check from the State of California may be not getting the i.o.u. at all -- at least in time to meet the deadline of your bank.

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Filed by Ryan McCarthy  |