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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (233798)10/8/2013 12:42:11 AM
From: cosmicforce  Respond to of 542459
 
Uh, I'm no lawyer, but we seem to be in violation of section (2) by NOT ENGAGING IN THE purchase of outstanding obligations at the market price.

These are not bonds that are marketed, and therein lies the problems. These are debts that the US takes out against its own debts. Debt instruments to pay off debt instruments. That is a little convoluted. JMO.