Replies

That was the link! Thank you very much! Is that the fund being referenced, do you think? And if so, what the heck is it?!

78 posted on 01/18/2012 5:04:05 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)

79 posted on 01/18/2012 5:05:57 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)

I'm guessing that's the fund..... From Wiki

The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention.

The U.S. government used the fund to provide $20 billion in currency swaps and loan guarantees to Mexico....

On September 19, 2008, U.S. Treasury Department announced that up to $50 billion in the ESF would temporarily be made available to guarantee deposits in certain money market funds

looks like it's turning out to be a slush fund....