View Single Post
Old 07-23-2011, 06:27 AM  
wig
Confirmed User
 
wig's Avatar
 
Join Date: Feb 2002
Location: Panama
Posts: 708
Quote:
Originally Posted by SallyRand View Post
Perhaps it is time for the largest debt holder to call in the notes, forclose on and repossess the nation?
Another moron who gets his economics from the back of a cereal box.

Here's the reality, there are not puts on treasuries, so debt holders cannot call in the notes. The issuer sets the terms of the debt, not the buyer.

Those of us who own treasury debt are free to sell it on the open market or hold it to maturity -- no more, no less.

I'm not counting the $50 saving bond your momma gave you, so you don't fall into this group.


.
__________________
Credit Card and ACH Processing
wig is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote