What's the difference between a "treasury IOU" and a treasury bond? | Hacker News

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nostromo on Oct 20, 2011 | parent | context | favorite | on: What If We Paid Off The Debt? The Secret Governmen...

What's the difference between a "treasury IOU" and a treasury bond?

dmm on Oct 21, 2011 [–]

Treasury bonds can be resold on the market. The "Treasury IOU"s issued to the SSA cannot be resold.

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