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Thursday, March 18, 2010, as of 06:10 AM EDT

California IOUs: Tough Calls Run Gamut

American Banker  |  Monday, July 13, 2009

By American Banker Staff

Presented with a difficult choice between two risks — angering depositors or effectively extending a loan to crisis-stricken California — banks have varied widely in their willingness to accept IOUs the state has issued to their customers...

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