In a time of chimpanzees, I was a penguin.
The religious right is motivated by the suspicion that someone, somewhere,
is having fun -- and that this must be stopped.
It's parked in 3 month Treasuries, whose interest rate got bid down to, well... zero... in the last auction.
So let me get this straight. The U.S. Treasury gives cash to banks. The U.S. Treasury issues Treasury Bonds to replenish its cash supply. Banks give cash right back to U.S. Treasury in exchange for 3-month Treasuries. And this cash all zooming around in a big circle is all supposed to help the economy... how?
-- Badtux the Circling-the-drain Penguin
Ground rules: Comments that consist solely of insults, fact-free talking points, are off-topic, or simply spam the same argument over and over will be deleted. The penguin is the only one allowed to be an ass here. All viewpoints, however, are welcomed, even if I disagree vehemently with you.
WARNING: You are entitled to create your own arguments, but you are NOT entitled to create your own facts. If you spew scientific denialism, or insist that the sky is purple, or otherwise insist that your made-up universe of pink unicorns and cotton candy trees is "real", well -- expect the banhammer.
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How Möbius is that?
ReplyDeleteI guess all that is left is to pass out the torches and pitchforks and hit the fucking street, eh? As J. Stewart might say a clusterfuck to the bottom...
ReplyDelete