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China and Arab countries have a staggering amount of treasury securities.
At the least, he said, borrowers would have to increase the amount of Treasury securities they offered as margin, or collateral for loans.
So in total, the Fed will buy $850 billion to $900 billion, just about doubling the amount of Treasury debt it currently holds.
As the United States government's debt, and the corresponding amount of Treasury securities, shrank in the late 1990s, foreign investors with currency reserves needed a safe alternative to park their cash.
James Millstein, chief restructuring officer at the Treasury, said the agency arrived at that number by dividing the total number of shares it would have under the exit plan, about 1.6 billion, by the amount of Treasury dollars that A.I.G. used during its emergency, $47.5 billion.
Specifically, the committee intends to purchase Treasury securities with remaining maturities of six years to 30 years at the current pace and to sell or redeem an equal amount of Treasury securities with remaining maturities of approximately three years or less.
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John Menzies will also assume an unspecified amount of Ogden debt.
Amount of Pentagon budget actually committed, through July 2002: $5.2 million.
"We have an obnoxious amount of Princeton Review weddings.
(Disclosure: I own a small amount of Goldman stock).
Amount of WGSAB (g).
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