Investment Bank Collusion?

Will investment banks collude to drive up the cost of U.S. government debt? Why might they do that? 1. To improve returns for their clients. 2. To bet against lower rates. Remember, when they foresaw collapse of mortgage markets, they bet against their clients, and remember too, that investment banks caused a large part of our current sad state of affairs. None are in jail. All are rich beyond rich.

Buy a Vowel.

If investment banks were able to pay ratings agencies for Triple A ratings on mountains of garbage euphemistically called Collateralized Debt Obligations, surely the United States Government can purchase a Triple A rating for its debt obligations.