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To: NucTrader who wrote (298130)	11/19/2004 9:02:28 PM
From: Box-By-The-Riviera™	Respond to of 436258

the question of the year. but all things considered, when considering what govs have been doing with OPM, well, who knows... until it happens. got gov mole? <g>

To: NucTrader who wrote (298130)	11/19/2004 9:09:03 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 436258

Well they already hold half of US Govt dept (over 2 trillion is held by Asian govts alone) and bought even more recently. When you own half the stock of a company, you can't just sell it and expect to get out whole. They can always hold to maturity, and hope that the currency is higher than when they bought the bonds. That is perhaps a real issue for them given the dollar dive eliminates the profit from the yield and prevents them from extracting value from the principal amount, if they want to convert the take at maturity to another currency. Trapped in the USA? What would be good to know is the schedule of these bonds coming to maturity to figure out their looming pain... The other major concern for a holder would be if the issuer is going belly up. Unless the govt's plan is in fact to bankrupt America - and who knows with this crew in place. <g>