posted on Jan, 19 2004 @ 09:21 PM
I am going to call my bank tomorrow and tell them that I am going to renig on my mortgage,...
Surely they will understand.."to reduce the cost of debt financing" ...
Seriously though, these 30 year bonds were purchaced by individuals, primarily Americans.
To call them in early, removes the value of that dollar to the individual investor, and sends it where?....who funds the treasury?....OTHER COUNTRIES
The interest paid and due in term, should be owed the investor, as that was the purpose in the first place.
This is a sign,...that the US Federal Government would rather be financed by foreign countries then it's own citizens, in order to save some
No wonder the US people can feel like their voice is not heard, ...
A hooker only works for the john.
Wake Up America !
[Edited on 19-1-2004 by smirkley]