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| User Info | Gov's next reaction to this mess; entered at 2007-12-02 04:12:11 | |||
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Shrpblnd Posts: 1203 Registered: 2007-08-06 Los Angeles, CA 
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That sale is a drop in the bucket of their capitalization. For most commercial banks, capital is comprised of demand deposits, and CD's which are usually 5 years or less. In a hyperinflationary environment, no one would buy such a bond. Hyperinflation is ruinous to banks, and if you can't see that, you need to go back to Econ 101. 2007-12-02 04:12:11
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