Treasury Bozos And Bloopers

BigE

Note the paragraph half way down or so, where NONE of the officials present felt a downgrade was immenent. Asleep at the wheel again





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epcjimi1

Committee speak. Think the latest 'Super Committee" will do better? This is a rhetorical question.

Giethner, put in place by BO is being kept around to be relieved of duty when the S really HTF for POTUS.

What a crock.

MsMorrisine

The Committee then discussed the implications of a potential downgrade of the U.S. sovereign credit rating. None of the members thought that a downgrade was imminent. However, the Committee thought that the discussion validated its recommendation to continue to focus on interest rate risk and the merits of extending the average maturity of the portfolio.

The Committee then turned to the next charge, which discussed the costs and benefits of extending the average maturity.