Quote:
Originally Posted by Cynthetiq
well at some point in time either the shell game stops or the ponzi gets called, seems like they are still trying to pass it around.
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At some point, it would seem, people (and countries) will stop buying these "bills."
And then what does the US do?
Quote:
WASHINGTON (Reuters) - The U.S. Treasury Department quickly put a new special financing facility to work on Wednesday, raising money for the Federal Reserve to use in a costly bid to rescue crumbling U.S. financial institutions.
Just minutes after unveiling the financing program, Treasury said it would sell $40 billion of cash management bills -- essentially a fresh batch of debt -- on Wednesday at the U.S. central bank's request as part of what a Treasury official called an attempt to "help them better manage their balance sheet."
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Treasury selling debt to help Fed | Reuters