Quoting the Crisis30/09/2009
“ In fiscal year 2009, which ends next week, Treasury will have issued $7 trillion in gross issuance — that’s in a 12-month period. This issuance was necessary to meet nearly $1.7 trillion in net marketable borrowing needs, nearly $1 trillion more than what we raised last year. „
Karthik Ramanathan, Treasury Acting Assistant Secretary for Financial Markets, quoted by Burton Frierson in U.S. issues $7 trillion debt, supply to stabilize - Yahoo! Finance
Quote posted at 17:04
