Exact(33)
What Treasury mandarins of the old school thought of this, I have no idea: they dealt in understatement and sangfroid.
What Treasury officials decide to do depends a lot on how they balance the main goals of managing a government bond market: financing the federal government, doing it at the lowest cost, and promoting efficient capital markets.
What Treasury deems a universal benefit, many homeowners, members of Congress, and a growing number of commentators describe as 'cruel' and offering little more than 'false hope.'".
It confirms what Treasury officials have previously told Senate estimates.
Something to think about while wondering what Treasury is trying to do to fix the banking system.
"I think this economic slowdown is not as strong as what Treasury rates are telling us," he said.
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