Msg. 08273 of 62138 (This msg. is a reply to
08242 by
capt_nemo)
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•So if everyone shed, who bought? American institutional and individual investors, directly and indirectly, through bond funds, corporate or state pension funds, and other ways, owned $7.05 trillion, or 33.1% of the total US debt at the end of July, having added $1.66 trillion to their holdings over those 12 months!
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And I am certain that an unholy amount of it was bought in folks
401K's . . . do not forget that the obozo administration mandated
that folks brokerage sweep accounts, 401K cash accounts, and I don't
know how many other were mandated to be held in treasuries.
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