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To: Real Man who wrote (395503)10/8/2009 1:43:46 PM
From: carranza2  Read Replies (1) | Respond to of 436258
 
They have to drain.

But they won't.

It's too late to drain. And too painful, and not in B's DNA. Errors would have to be admitted, and the chances of that are not good.

The only draining will be through inflation as it deflates the value of amounts owed.

On the other hand, I never thought they'd engage in QE so what do I know.

What a conundrum they have placed themselves in.

PS: Belated congratulations on your RSX call. Very astute.