Monday, September 29, 2008
Short term treasury yields at .21%. That's negative 5.2% inflation adjusted. In other words, people distrust banks so much they are paying the federal government for the right to loan it money, as long as the government promises to keep it safe. With Congress fucking this bill up, it means The U.S. government, in effect, has decided to become the most profitable armoured car operation in history. Who said the government can't do anything right?
Posted by MG at 7:56 PM