We would be underweight Treasuries at the current time.
When, as in 2009, a treasury committee concluded, uncontroversially, that banks had made an "astonishing mess" of the financial system, it would be the now treasury-bound Knight who responded that it was continued criticism of banks – not banks themselves – that would "further damage the UK as an international financial centre".
National treasuries would be no pushover.
The minutes, released Tuesday, revealed that Fed officials were divided on how effective the purchase of long-term Treasuries would be, and on whether it would complicate an eventual return to normal monetary policy.
However, because Treasury bonds have always been considered perfectly safe, many rules prohibiting institutions from investing in riskier securities are written as if there were no possibility that the credit rating of Treasuries would be less than stellar.
A decision to reinvest the bond proceeds in other mortgage-related securities, or in Treasuries, would be largely symbolic but carry great weight, as it would signal concern about the economy, and also make clear that an "exit strategy" from easy monetary policy was not imminent.
Certainly with today's yield, relative to the stock market, I would think Treasuries would be a terrible investment.
The estimated cost to the federal treasury would be about ten billion dollars in lost revenues.
The exact sum would be determined by the treasury and police ministry, it added.
The worst outcome would be another open-ended, treasury-sapping, coffin-producing, and increasingly unpopular war that fails to erase ISIS or resurrect Iraq.
