[palmer]

Let’s say you are owed some money but are having trouble collecting. I go to my friend’s house and he prints up some counterfeit money which I pay him a few cents per dollar and give (sorry, “loan”) that money to a brand new LLC that I create in Delaware for the sole purpose of buying your IOU which I “plan to sell sometime in the next 10 years or something like that”. I think that’s basically what has happened.

[Toddsterpatriot]

I go to my friend’s house and he prints up some counterfeit money

You don't know that the Fed is going to use new money to fund this transaction. Do you?

[bjs1779]

Let’s say you are owed some money but are having trouble collecting. I go to my friend’s house and he prints up some counterfeit money which I pay him a few cents per dollar and give (sorry, “loan”) that money to a brand new LLC that I create in Delaware for the sole purpose of buying your IOU which I “plan to sell sometime in the next 10 years or something like that”. I think that’s basically what has happened.

I think the pertinent question here is is the taxpayer off the hook for this?