Guy Lebas
Appearances
Planet Money
The Big Government Money Pipe Freeze
I didn't. I'm going to leave that to the 20-somethings.
Planet Money
The Big Government Money Pipe Freeze
Yeah. I mean, I am a fixed income portfolio manager, so we're not usually the most exciting types in the world.
Planet Money
The Big Government Money Pipe Freeze
Well, that's a really interesting question. You know, we do track interest payments for riskier bonds, but our systems are all built around assuming that payments just come in when it comes to treasuries.
Planet Money
The Big Government Money Pipe Freeze
Here we go. I'll have to dig around a little bit, but it seems like a cleverly programmed widget.
Planet Money
The Big Government Money Pipe Freeze
They represent the quarterly big interest payments the Treasury Department makes. And they cover payment on trillions of dollars of outstanding securities that are used across the global financial system.
Planet Money
The Big Government Money Pipe Freeze
That day would look like lighting my hair on fire and running around in circles for the most part.
Planet Money
The Big Government Money Pipe Freeze
So a very large problem would show up on the CKG. Uh, a very large problem, meaning a missed interest payment on billions and billions and billions of securities. I find that scenario among the least likely. Um, And hopefully I still have that opinion three months from now.
Planet Money
The Big Government Money Pipe Freeze
I really do not expect the Treasury Department to miss a payment.