National Debt Up $3 Trillion on Obama's Watch
10-24-2010, 10:25 AM
#12
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10-24-2010, 02:18 PM
#13
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Trading links is easy. Use the right keywords and you get first-hit search results like:
http://www.renewamerica.com/columns/dicintio/100413
Where you find fun factoids like: "Since one of the main uses of this money was buying government bonds, Citigroup was essentially getting free money from the government. If it borrowed $200 billion at near zero interest and lent it back to the government by buying 10-year Treasury bonds at 3.7 percent interest, then the government was effectively handing Citigroup $7.4 billion a year for nothing."
and you get to read fun conclusions like: "in calendar 2009 alone, the American public "lost" at least $70 billion in interest and dividend income on $1.4 trillion held in CD's, $1 trillion in retail MMF's, and $2.5 to $3.0 trillion in institutional MMF's."
http://www.renewamerica.com/columns/dicintio/100413
Where you find fun factoids like: "Since one of the main uses of this money was buying government bonds, Citigroup was essentially getting free money from the government. If it borrowed $200 billion at near zero interest and lent it back to the government by buying 10-year Treasury bonds at 3.7 percent interest, then the government was effectively handing Citigroup $7.4 billion a year for nothing."
and you get to read fun conclusions like: "in calendar 2009 alone, the American public "lost" at least $70 billion in interest and dividend income on $1.4 trillion held in CD's, $1 trillion in retail MMF's, and $2.5 to $3.0 trillion in institutional MMF's."