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A Funny Thing Happened At The G20 | 192 comments (192 topical, editorial, 0 hidden)
Re: But the claim that government spending ... (none / 1)
It's backed by the full faith and credit of the government?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Sun Jun 6th, 2010 at 06:13:57 PM EST
[ Parent ]
Re: But the claim that government spending ... (4.00 / 4)
It's redeemable/retirable at the option of the issuer - which makes it a credit instrument analogous to a redeemable share.

So it's not a debt instrument, and it's not collateralised either.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Jun 6th, 2010 at 07:33:12 PM EST
[ Parent ]

A Funny Thing Happened At The G20 | 192 comments (192 topical, 0 editorial, 0 hidden)
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