Re: USA 2009: Last chance for US IOU's

[Hatjman Hunsen , mafia Boss of Cambodia]

who are the buyers ?

Morgan Chase ?

Bank of America ?

n Dec 31, 1:27 am, "Albert K. Fung" <akwf...@hotmail.com> wrote:
> In the last auction of the year ....
>
> USD 32 billion worth of 7-year IOU's were auctioned off. The
> demand was so strong that interest rate was pushed down to a
> paltry 3.345%.
>
> The auction's 2.72 bid-to-cover ratio was quite impressive.
>
> A usual large buyer, who could not be name, swept up a jaw-
> dropping quantity of notes. Asked if she was at all concern
> -ed about inflation down the road,  with Uncle Sam printing
> money like mad. She pulled out a dime, and said, "Take this
> and call my boss."
>
> See if he cares ....  :)
>
> PS: Happy New Year to all.
>
> Regards,
>
> Albert K. Fung
> Estancia la Serenidad/Chubut, Republica Argentina.