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10-09-2008, 05:41 PM #2
OPSenior Member
bush administration ponders more socialist bank ownership
"Demand for short-term Treasurys waned, with the yield on the three-month Treasury bill, which moves opposite its price, rising to 0.69 per cent from 0.63 per cent late Wednesday. Longer term debt also fell"
- i don't understand: if the demand for treasury debt is decreasing, where are they planning to get the cash for this latest socialist intervention?
"we have a broad range of authorities. And I'm confident we have the authorities we need to work with going forward."
- oh that explains everything...hank paulson has a broad range of authorities...does he intend to print the money, or just pull it out of his ass?
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