http://www.kenniffonline.com/not-for-profits/
Is the United States Government, particularly the Federal Reserve reducing profits to Bonds and Bond funds?
By offering bailouts to Investment Houses, Mortgage Companies and corporations in trouble, so that they do not have to convert convertible bonds for at least 6 months? Meanwhile, these corporations can invest their borrowed money in the stock market and deriviatives, bouncing stocks, to achieve higher profits at the expense of inflation from the bidding up of commodities?
Indeed bond interest rates are dropping because of the Fed’s action. They really don’t give a damn about creditors. They are more worried about debtors because there are SO MANY of them in the U S. And most of them can’t afford even the interest expense on their debts much less the principal, including I might add the U S government itself. Talk about conflict of interest.
Sure! let’s bail out all the over extended borrowers. We will just issue another $500 billion in bonds to China to pay for it. No problem. They have to buy the bonds because if they don’t they won’t be able to sell their crap to us. He He. Who is really taking advantage of whom?
Snowball’s Snowy Christmas DVD