The Treasury could print money to pay its bills, and the Fed could soak up the excess liquidity by selling its Treasury holdings, claims one economist
Would a ratings cut for short-term U.S. government securities trigger a mandatory sell-off? Probably not.
A year ago, Goldman purged the word "trading" from its quarterly reports. Now the linguistic purge has become a reality.
Goldman Sachs was not the only investment bank selling the complex securities that ultimately resulted in staggering losses for the German bank IKB. Traders at Deutsche Bank sold similar CDOs without revealing John Paulson's involvement.
