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Re: bond-007 post# 369636

Friday, 04/06/2012 1:44:31 PM

Friday, April 06, 2012 1:44:31 PM

Post# of 730625
There is NOT $20 billion to distribute. Now the gov't may think they can do that but not in the real world. the $20 B is is a deficit (accummulated losses from prior years).

If you have $1000 in your savings account and a $20 B deficit in your checking account, how much money do you have to buy xmas presents?

Answer: zero (I gave the answer because someone would surely argue $20 billion plus $1,000.

Or, $1,000 if the savings are in a different bank...avoids right of offset.

In my opinion, we will get a trust distribution of ZERO on April 16, 2013. Would you like to make a side bet on this?? Come on...I'd like to take advantage of you.....just joking on the last part.

LOL


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