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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (19591)	5/27/2003 10:41:56 AM
From: tonka552000	Read Replies (1) \| Respond to of 89467

Jim, Is this our brilliant government using credit cards to pay off credit cards...I used to do this when I was younger...almost had to declare bankruptcy at the end of it... From "federal reserves" on Zeev's thread.. FED pumps in 7.5 Up 2 for the day. Keep raising the ante. These repo's look like a Dagwood sandwich now. Big Treasury net cash needs this week. Fed needs to keep pumping or we will collapse. WASHINGTON, May 27 (Reuters) - The U.S. Treasury Department said on Tuesday it will sell $16.00 billion of three-month bills and $16.00 billion of six-month bills on Wednesday, May 28. It also said it will sell $25.00 billion in four-week bills on Wednesday, May 28. All the bills will be issued on May 29. Proceeds from the sales will be used to refund an estimated $43.78 billion of publicly held securities maturing on May 29 and to raise new cash of about $13.23 billion.