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Debt Ceiling Alternative Options


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#1 Lysis

Lysis

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Posted 30 July 2011 - 09:43 PM

Interesting article on ways that Obama could bypass the debt ceiling debacle.

http://www.slate.com/id/2300428/

The (hilarious) trillion dollar coin option has been floated around for a while. I remember the articles on Zero Hedge back in May. However, the "overdraft option" is a new one and sounds fairly viable. The Fed does own a lot of treasuries right now...