Category Archives: Federal Debt

The “Magic” Greek Financials

From the BBC: “The Greek railway had more employees than passengers. A former minister, Stefanos Manos, had said publicly at the time that it would be cheaper to send everyone by taxi.”  

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Fannie Mae’s Q2 Results: $5.17 billion loss, or $14.40 per American citizen

Fannie’s Q2 8k is available here, with a loss of $5.175 billion for the second quarter. Because the US Treasury holds senior preferred stock in FNMA, they are eligible to receive dividend payments. In the second quarter, these payments amounted … Continue reading

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News Breaks: Apples are in fact not Oranges

The BBC runs an article noting that the US Treasury, as of July 27, 2011, possesses less cash than Apple. The Treasury’s financial statement ended that date is available on their website, with an ending cash total of $73,768M. The … Continue reading

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Cantor’s Hedge

The Wall Street Journal’s Market Beat runs this article revealing House Majority Leader Eric Cantor’s $15,000 in ProShares’ 2x¬†Ultrashort 20+ Year Treasury ETF. Here’s a link to this ETF on Google Finance. TBT is designed to be a short term … Continue reading

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