... all’s that’s needed is for the Fed to guarantee that all US obligations mature at 100.Read it at The Center of the Universe
Warren Mosler — MMT on the immediate restoration of the US’s AAA rating
Warren Mosler
... all’s that’s needed is for the Fed to guarantee that all US obligations mature at 100.Read it at The Center of the Universe
4 comments:
Maybe if we get our AAA rating back rates will come down! LOL!!!!
Or better yet, why don’t the rating agencies downgrade us to junk. Then we can finally get rid of that last bit of risk premium in the 10yr.
Hold on, Mike. I want to get some puts S&P first!!!
Mainstream Economist: We Might Need to Hang Some Bankers to Stop Criminal Looting
Posted on July 8, 2012 by WashingtonsBlog
Even Nouriel Roubini Says We Need to Jail or Hang Some Bankers
http://www.washingtonsblog.com/2012/07/mainstream-economist-we-might-need-to-hang-some-bankers-to-stop-illegal-behavior.html
The Chinese approach. They actually do execute people for this and yet people do it anyway.
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