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 #6 United Capital Liquidates Funds, Investors Get Zero View next topic
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Krellan
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Joined: 18 Feb 2008
Posts: 19

#6 United Capital Liquidates Funds, Investors Get Zero
PostPosted: Thu Jul 10, 2008 2:38 am Reply with quoteBack to top

Here's an update on imploded fund #6, United Capital.

United Capital Liquidates Funds, Investors Get Zero (Update1)

http://www.bloomberg.com/apps/.....refer=home
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kayanat
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Joined: 14 Mar 2009
Posts: 1

Re: #6 United Capital Liquidates Funds, Investors Get Zero
PostPosted: Wed Mar 18, 2009 5:03 am Reply with quoteBack to top

Why do we need China to buy our debt? Why can't Congress fund its deficits simply by selling debt to the Fed? Congress runs budget deficits, and raises funds by the Treasury selling T-bills and bonds to investors like pension funds and foreign central banks. Now, the Fed has targeted zero overnight funds rate. This means through open market operations, the Fed buys so many overnight T-bills that the interest rate on these T-bills falls to zero.
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