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Sat Aug 2nd 12:17 PM | Rating: 0 0
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Probe of Citigroup et al Could Hit Financial ETFs

It is interesting how various government entities and some trial lawyers feel that various investment firms’ are responsible for these failed auctions that worked well for a very long time. It was the slowly deteriorating finances of the investment banking firms which contributed to them not being able make satisfactory markets any longer particularly when individual participants also failed to show up. We ALL got too comfortable but the “ice” was getting “thinner” for quite some time.

I suspect that the U.S. government at some point in the future is going to similarly have failed auctions rolling over our U.S T-bills, notes, and bonds. Our fiscal finances are a disaster! You can wait until these safe instruments blow up or better yet as a wise investor move your money and investments to “hard” currency countries. One day our AAA rating is going to be seen as a joke. And you won’t get a dime from suing the government for after all “you can’t fight city hall.”

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