The New Debt Collectors

While many of us would sooner forget the past year or so, a few history buffs out there have started hunting for recession souvenirs. A top prize among this group are the IOUs issued by California’s cash-strapped Gubernator Arnold Schwarzenegger last week.

Like Depression-era stock certificates, which were worthless in their day and could now fetch a bundle on Antiques Road Show, these collectors are hoping the state warrants issued in lieu of checks will someday have real value — if only sentimental.

“I figure it would be an interesting thing to have around when my grandchildren are fighting over my stuff after I’m dead and gone,” one poster wrote in a recent Craigslist ad offering twice the face value for a California IOU, up to $100…