""Given the poor credit rating of California – the worst in the nation – banks may be hesitant to extend credit to the state," Rod Brown, president and CEO of the California Bankers Association, said in a prepared release. While legislative leaders and their number crunchers scurried between closed-door meetings, and Gov. Arnold Schwarzenegger held news conferences in Los Angeles and Fresno to demand quick action, the state controller's printing presses began churning out 28,742 warrants, worth $53.3 million, which will be mailed to people awaiting tax refunds. Instead of a check, they'll get an IOU and a letter of explanation. "