Off Topic Cafe If it doesn't belong in any of the other forums. Post all Off Topic stuff here.

National Debt Up $3 Trillion on Obama's Watch

Old Oct 24, 2010 | 09:41 AM
  #11  
EclipseMTL's Avatar
Senior Member
 
Joined: May 2009
Posts: 264
Likes: 0
From: Omaha, Nebraska
Vehicle: 02 Accent GL, 86 BMW 325es
Default

Reply
Old Oct 24, 2010 | 10:25 AM
  #12  
Bommello's Avatar
Senior Member
 
Joined: Sep 2008
Posts: 1,305
Likes: 0
From: Tampa,Fl
Vehicle: 2001 Hyundai Tiburon
Default

http://www.bloomberg.com/news/2010-10-20/b...treasuries.html
Reply
Old Oct 24, 2010 | 02:18 PM
  #13  
Stocker's Avatar
Super Moderator
 
Joined: Sep 2001
Posts: 10,795
Likes: 5
From: Pflugerville, TX
Vehicle: 2000 Elantra
Default

Trading links is easy. Use the right keywords and you get first-hit search results like:

http://www.renewamerica.com/columns/dicintio/100413

Where you find fun factoids like: "Since one of the main uses of this money was buying government bonds, Citigroup was essentially getting free money from the government. If it borrowed $200 billion at near zero interest and lent it back to the government by buying 10-year Treasury bonds at 3.7 percent interest, then the government was effectively handing Citigroup $7.4 billion a year for nothing."

and you get to read fun conclusions like: "in calendar 2009 alone, the American public "lost" at least $70 billion in interest and dividend income on $1.4 trillion held in CD's, $1 trillion in retail MMF's, and $2.5 to $3.0 trillion in institutional MMF's."
Reply



All times are GMT -6. The time now is 11:25 AM.