Who holds America's debt?

[big_electron]

globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/

Suspicion confirmed! It's not "commie-nist China." This article says it's Americans, most likely corporate bigwigs, who hold most of our debt.

[Ranger Joe]

I was too busy being highly entertained by the comments on the article. ;D

[Amaranth]

I own it. Sorry for the confusion.

[malicious_bloke]

I lent a yank a tenner once and didn't get it back. Factor in some imaginary rate of interest and you can safely assume I own it.

[SimSim]

Aug 24, 2011 11:59:38 GMT -5 big_electron said:

globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/

Suspicion confirmed! It's not "commie-nist China." This article says it's Americans, most likely corporate bigwigs, who hold most of our debt.

Nope, not corporate bigwigs. Social Security trust fund: $2.67 trillion (19 percent), is the largest.

[Thejebusfire]

Aug 24, 2011 12:39:54 GMT -5 Ranger Joe said:

I was too busy being highly entertained by the comments on the article. ;D

This.

[ltfred]

Aug 24, 2011 14:46:27 GMT -5 malicious_bloke said:

I lent a yank a tenner once and didn't get it back. Factor in some imaginary rate of interest and you can safely assume I own it.

When did you lend it, 2000 BC?

[malicious_bloke]

Aug 24, 2011 16:50:58 GMT -5 ltfred said:

Aug 24, 2011 14:46:27 GMT -5 malicious_bloke said:

I lent a yank a tenner once and didn't get it back. Factor in some imaginary rate of interest and you can safely assume I own it.

When did you lend it, 2000 BC?

Well, im sure i could retroactively backdate it to then if need be. Also charging 4214% APR is perfectly applicable in some cases

[ltfred]

[quote author=maliciousbloke board=pg thread=9704 post=329767 time=1314224294charging 4214% APR is perfectly applicable in some cases[/url][/quote]

ARGH! Who would agree to such a loan?

[Vene]

Somebody who didn't realize there were terms to it.

[Amaranth]

Aug 24, 2011 17:18:14 GMT -5 malicious_bloke said:

Well, im sure i could retroactively backdate it to then if need be. Also charging 4214% APR is perfectly applicable in some cases

So that's how he pays for that chocolate factory....

[scienceisgreen]

Actually alot of our debt is inter agency borrowing

[Random Guy]

Aug 24, 2011 16:50:58 GMT -5 ltfred said:

Aug 24, 2011 14:46:27 GMT -5 malicious_bloke said:

I lent a yank a tenner once and didn't get it back. Factor in some imaginary rate of interest and you can safely assume I own it.

When did you lend it, 2000 BC?

Oh, I already went back to 1785 and lent George Washington five bucks for a sandwich and some coffee. I think that's got to be at least a few million by now.