Subject: Re: Control Panel: Market front-running the Fed agai
At the start of this year, I owned a lot of T-bills. But, not being American, I don't lend money to the US anymore.


Jim,

Feel the global babe that went Ouch! If the US defaults.

What institutions do you trust if the US defaults on the debt? Where?

UK brokerages that won't deal in margin debt and are heavily regulated. But where else? Very few institutions would not cough up some hairballs.