This is Not a Comedy

Let’s make a deal, like, right now… cuts and an extension to 2014?

"With $90 billion worth of U.S. bonds due for redemption on Thursday, August 4, there is a chance if they go unpaid that those holding them will face a 100 percent loss unless investors are willing to let them roll over, according to Weinberg.

About $540 billion of debt mandates some kind of payment in every bimonthly cycle, and the August 15 payment will likely be a big one because it is the month of the Treasury’s quarterly funding exercise," said Weinberg. (Source)


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Posted: July 29th, 2011
at 9:39pm by mnp

Categories: politricks

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