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Wednesday, February 15th, 2012

Posts Tagged ‘ Punditry ’

Warning! Warning! This is not good news

Nov 25th, 2009 | By Andrew Snyder | Category: Notes From the Investment Underground

Baltimore — (TFN): Did you feel it? Just a couple of hours ago, you went into debt for another $106. You never signed any paperwork or agreed to it – a handful of unelected officials took care of that for you – but you’re now on the hook for at least another Franklin.

Earlier today, the Treasury auctioned off yet another chunk of American debt. This time it offered seven-year bonds to the tune of $32 billion. In all, the nation will go in hock for yet another $118 billion this week.