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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: skinowski who wrote (524080)11/22/2012 4:26:21 PM
From: D. Long1 Recommendation  Read Replies (1) | Respond to of 793978
 
I doubt that the US Congress would do that. It would be much easier to have the Federal Reserve simply "forgive" what is "owed" to it.

It was a lot better when the US government went hat in hand to JP Morgan for its borrowing. Congress conveniently created a source of funding in the Federal Reserve that is a bottomless well.