Paulson Plan Pisses Me Off | 8 comments (8 topical, 0 hidden)
With what money? (none / 0)

How, I wonder, does Mr. Paulson plan to shit the money for this?  I can't see how else he's going to come up with it.  We sure as hell don't have a surplus of funds just lying around.

If you can shit bundles of $100 dollar bills at $10,000 a bundle it will take you 10,000,000 trips to the bathroom to generate $1 trillion.  Can a person shit this many times in his lifetime, never mind a few months?  I'm definitely worried that he may not have thought this through. 

by bfaul on 09/19/2008 12:05:39 PM EST

We borrow it from China... (none / 0)

and the other sources of funds for Treasury Bills - world banks, retirement accounts, etc.  It is likely this will cause the interest rates to go up - the supply of T-bills just got a lot bigger, so where is the demand?  Especially since there is a possibility this plan might not work at all, and it takes the Federal Reserve down with it.

But the world banks and China hope that this works, and will do what they can to help it work.  After all, all the US debt they own will be worthless if the Federal Reserve defaults.

by rbruck on 09/19/2008 12:22:26 PM EST

[ Parent ]
relevant article (none / 0)

Here is an article from CNN business titled:

Why China Won't Come to the Rescue 

by bfaul on 09/19/2008 01:04:31 PM EST

[ Parent ]

Paulson Plan Pisses Me Off | 8 comments (8 topical, 0 hidden)