January 11, 2013 4 Comments
Okay, so the Treasury isn’t allowed use (more) debt to get the funding it needs for the spending Congress told it to do.
How about equity?
Could the Treasury just sell off a bunch of ‘stock’ in the USA? I don’t know who would buy it, but hey.
Just a question I wanted to get out there in case that’s actually the next Big Clever Reg-Arb coming down the pipe. You heard it here first.