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bonds, okay, I gotta learn them bonds
by Daysman

How's that work anyway? Us mortgage bankers never learn about the bond market, most of us have second jobs as pack mules in the Grand Canyon. Except the smart asses; they work on Wall Street, but the rest of us dumbasses gotta work the Grand Canyon, it is terrible, the paths are narrow and you don't get a second chance to fall.

You own bonds? Do you get interest payments from the US Treasury twice a year? And you say that's a good thing for the Treasury? Healthy debt? So my taxes make payments on your bonds; and that's a good thing for me? Maybe I'm not the dumbass you say I am. Or is that a good thing for you, and I'm a dumbass for not owning bonds? Sounds like you are the smart one; after all, you are getting the interest payment from my taxes. Sounds like the US Treasury is making a dumbass out of every taxpayer who can't afford to buy bonds.

What percentage of the Treasury interest payment is going to central bankers overseas? Any clue? When Bush came into office it was 30%, but today it is over 50%. That sounds like Bush is making dumbasses out of, well, all of us. Our taxes are being sent directly to central banks in Japan, China, Great Britain, everywhere our Treasuries are floating. Maybe you could explain that one to me also, you seem to have a handle on the whole mess.

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