"I'm like, 'Why not?' 'Well, there's a stipulation you have to be a customer for a year and you've only been here nine months,' and I'm like, 'Are you kidding me?'" Baird recalled. "I was under so much stress because all of this stuff that I just sat in my car and cried."
I wonder just whose stipulation that might be; I have read the guidance from the Fed and from the California authorities, and I don't believe there was anything like a suggested requirement that someone be a customer for a year before honoring these instruments is mentioned.
Various counties and municipalities issued scrip during the Depression. I did a quick look and the scrip I saw was also good for paying debts and taxes to the entity that issued it. So California is operating a shameful rip-off compared to what impoverished governments did during the 1930’s
Wow...even the New York times is covering Nancy Baird and her mini tax and IOU revolt