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What are Treasuries, exactly?
by waterlesscloud 15y ago
What are Treasuries, exactly?
- oh_no_my_eyes 15y agoare you asking for an explanation? these are treasuries: http://en.wikipedia.org/wiki/United_States_Treasury_security http://en.wikipedia.org/wiki/United_States_Treasury_security
- trevelyan 15y agoStrange circular reasoning. Why should taxpayers pay the banks to lend them money at interest? The Fed has been doing this as a backhanded way of recapitalizing the financial sector (lending money at extremely low rates which banks then pour into liquid but higher-paying investments like Treasuries along with more speculative leveraged plays against the USD). It isn't hard for players with privileged access to capital to print money in this situation, and this is what makes the exorbitant compensation rankle: if the unstated justification for the money pump is to recapitalize the financial sector the constant hemorrhaging of assets on personnel compensation is parasitic and abusive.