Because these Treasury notes, these notes that will be in the Federal Reserve are always redeemable, they are not at risk. And if they ever became at risk in the Federal Reserve Bank, it would mean the Republic would be bankrupt.
Discussing the security of Treasury notes during a debate.
Share
More from Charles Rangel
I have universities that have campuses all over the world. Are you telling me, Mr. McCluskey, that my national security is going to be tied up because university presidents want to make an appeal to families that want their kids to go all…
We recognize your tremendous responsibilities, and we are here for you to point out how we can be more helpful.
Other voices in this conversation
