also considered calling for legislation that would offer an explicit government guarantee on the $5 trillion of debt owned or guaranteed by the companies. But t

also considered calling for legislation that would offer an explicit government guarantee on the $5 trillion of debt owned or guaranteed by the companies. But that is a far less attractive option, they said, because it would effectively double the size of the public debt. Nice to know the kinds of things that the government is considering. I have this funny feeling that such statements are a hint to wealthy people to get an early start on the big capital flight bandwagon of 2010-2015.