B of A takes IOUs

So far, it's only on a limited basis - through July 10. Here's the statement: "Bank of America recognizes the State of California budget crisis will impact our clients and customers. To support our customers, while giving the state legislature additional time to pass a budget, we will accept California state-registered warrants -- or IOUs -- from existing customers and clients." Still waiting for word from the other big banks. (MarketWatch)