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Treasury Math: #Winning

By: capt_nemo in WRGO | Recommend this post (0)
Wed, 11 May 11 8:46 AM | 15 view(s)
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Submitted by Tyler Durden on 05/10/2011 16:32 -0400

* Tim Geithner

We have a quick question for the Treasury Secretary: according to today's DTS, as of close yesterday, the Treasury had $14.274 trillion in debt subject to the ceiling of $14.294 trillion, or a $20 billion "buffer." To the best of our knowledge there were no redemptions today, and certainly none in the non-Bill pipeline this week. So, uh, how exactly did Tim Geithner auction off $32 billion today? (and plans to auction off another $40 billion tomorrow and Thursday)

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http://www.zerohedge.com/article/treasury-math-winning




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