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To: SkyPilot
And on a mark-to-market basis, the Fed is already insolvent.

I love these idiots who don't know a simple definition.
Insolvent: unable to pay debts owed.

What debts does the Fed owe? They pay 0.5% on bank reserves. The bonds they hold pay 2%-4%.

The bonds they hold are guaranteed. They turned over more than $100 billion to the US Treasury last year.

MyRA Act, which would charge a penalty to employers whose workers don’t have a retirement account.

MyRA was created for people who don't have an employee plan. There is no penalty involved.

28 posted on 02/27/2016 2:38:06 PM PST by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: Toddsterpatriot

This is the first I have heard of the MyRA Act. This is not my area of expertise, but I did find the following. Check out page 3.

https://www.govtrack.us/congress/bills/114/hr4491/text


38 posted on 02/27/2016 4:18:41 PM PST by gloryblaze
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