But what happens if the assets are sold to one or more of the regional Fed Banks. These are agents of the Federal Government, but they privately owned.
|By: letsgetitdone Sunday October 13, 2013 1:00 pm|
|By: letsgetitdone Thursday September 13, 2012 6:45 am|
Bob Woodward’s releasing a new book, so we are now seeing articles based on it. A few days back, The Washington Post published the ”Inside story of Obama’s struggle to keep Congress from controlling outcome of debt ceiling crisis.” This account is a pretty downbeat one of how our political leaders and President Obama handled the debt ceiling crisis of the summer of 2011. I want to comment on what for me was the most salient point: that during the crisis, the President had no “Plan B” to get around the debt ceiling beyond negotiating a deal with Congress.