"It's a recommendation that all three of us on this panel have made to Treasury and that Treasury has ignored".
Getting out from under the TARP doesn't mean that Treasury has lost interest in the company.
Now that Treasury has made small business a priority, how well is it doing?" she asked rhetorically.
Phil points out that treasury has also run two other scenarios.
(Remember that Treasury interest is exempt from state tax while capital gains on Treasuries are usually subject to state tax).
The trouble is that Treasury debt is a perfect instrument for the Fed.
It's interesting that Treasury should want to confront the Fed on this relatively technical point.
Yet his book is a chronicle of complaints that Treasury undercut, blindsided and ignored him.
He reported in 2008, and again in 2010, that Treasury had complied with civil liberties protections.
The trouble is that Treasury bills these days yield almost nothing.
But it certainly puts pressure on the value of the shares that Treasury can sell".
