CSPAN Today In Washington July 13, 2011
host: the law is on their side. guest: yes. unless they've claim sovereign immunity, these lawsuits would be brought and once the money exist to pay them back, they will get their money back. with interest. that is what happened in 1979. how does that affect future interest rates? one art -- one academic paper argues there will be a permanent adverse affect from then on simply because the sense of the treasury bond as being a perfectly safe investment would be eradicated. that is the concern here. people think of it as pretty darn safe. maybe even that just a tiny bit of risk may mea...