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**Plokiikmol** · 03-03-2008, 04:06 AM

Originally posted by DinoDoc
Try to find a company with that kind of record. Given that the "lockbox" is largely stuffed with governmental IOUs from the general fund, would you accept Enron or Worldcom? The U.S. has not defaulted on a loan. Not even after the Revolution, when it and many of the states were insolvent.

So, I'd invest in U.S. bonds. ...Enron and Worldcom, not so much.

03-03-2008, 04:06 AM	#36
Plokiikmol Join Date Oct 2005 Posts 361 Senior Member	Originally posted by DinoDoc Try to find a company with that kind of record. Given that the "lockbox" is largely stuffed with governmental IOUs from the general fund, would you accept Enron or Worldcom? The U.S. has not defaulted on a loan. Not even after the Revolution, when it and many of the states were insolvent. So, I'd invest in U.S. bonds. ...Enron and Worldcom, not so much. Share Share this post on Digg Del.icio.us Technorati Twitter
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