Since Reagan first started this raiding of the U.S. treasury, the only real question has been, "How long can the lower and middle classes carry this crap on their backs before they dismiss wedge issues and start voting with their pocketbooks?" Thus far, the answer seems to be, about 30 years, give or take a couple.
This background on TIPS and nominal Treasuries leads us to the question about allocation.
Jack Lew, the treasury secretary, has questioned the companies' patriotism and called on Congress to outlaw such transactions.
The state alone had any interest in the question, and a decree in favor of plaintiff would affect the treasury of the state.
"You are earning a pretty good yield over Treasuries, which amounts to zero risk over Treasuries, and the fact that you're likely to earn that premium, that's the question people should think about".
Which brings up the question: where in this affair is the president who hired Secretary Geithner and at whose pleasure the embattled treasury secretary serves?
Furthermore, flogging the United States for its fiscal irresponsibility begs the question of why the Communist Party leadership is investing so much of the nation's wealth in U.S. Treasuries.
The treasury chief sidestepped questions about what would have happened if the Fed had not ridden to the rescue, whether other firms are on shaky ground and the possibility of additional bailouts similar to the short-term rescue of Bear Stearns.
Pointing to the 7 million borrowers in default on their federal student loans, Sarah Bloom Raskin, deputy treasury secretary, questioned why borrowers had defaulted, given the availability of generous repayment plans that link monthly payments to incomes.
Sarah Bloom Raskin, deputy treasury secretary, has questioned why the Education Department's loan servicers have allowed some 7 million borrowers to default on their loans, given the generous repayment plans that exist in the federal student loan program.
