Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: sinanju
Does this sound insane to you or is it just me?

What's insane to me is having the Treasury, which has no oversight, owning so much of our debt. Gee, just imagine if we wake up next week and they decide to call it in?

46 posted on 08/10/2010 12:20:40 PM PDT by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
[ Post Reply | Private Reply | To 10 | View Replies ]


To: raybbr

IF they call it in next week they won’t get paid. I’m more afraid of what if the Chinee call it in.


62 posted on 08/10/2010 12:39:18 PM PDT by ichabod1 (Hail Mary Full of Grace, The Lord Is With Thee...)
[ Post Reply | Private Reply | To 46 | View Replies ]

To: raybbr

The Treasury doesn’t own any of our debt. It sells U.S. debt to investors to raise the money that Congress instructs it to.

The Fed owns a large portion of Treasury debt that it uses to manage the money supply.


153 posted on 08/10/2010 10:17:59 PM PDT by Pelham (Deport illegals now.)
[ Post Reply | Private Reply | To 46 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson