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Wall Street gears up to trade California IOUs

By Nicole Bullock in New York

Published: July 5 2009 23:33 | Last updated: July 5 2009 23:33

Amid the vacation rentals and used cars for sale, browsers of the website Craigslist will now find a unique offer: for California IOUs.

“If you are receiving a Cali­fornia IOU and you need cash immediately, please contact me. I may be of assistance,” reads one posting.

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