Remember the T-Bills are the very very short-term side. A lot of things can affect the short term side. I mean when Powell opens his mouth he moves those interest rates. It's the only side of this quadrillion dollar market that they can control and manipulate. And they brag about it (the fed does) I think Buffett is a reluctant holder. I take him at his word on this. He's not some closeted "bond king" or anything... He sees the equities market as too expensive. He's been pretty consistent with that view.
In this case, a customer named Paul Casey filed a
lawsuit against Citibank claiming that the bank owed
him the money for the bailout it received during the
financial crisis. Casey argued that because he was
a taxpayer, he was entitled to a share of the funds
Citibank received from the government. The court
dismissed the case, stating that taxpayers do not
have a direct claim to bailout funds allocated to
private companies.
* Bernstein v. JPMorgan Chase (2012):
Richard Bernstein filed a lawsuit against JPMorgan
Chase, alleging that the bank had "caused" the stock
market crash of 2008 and subsequently the loss of
his investments. He claimed that JPMorgan's actions
led to a decrease in the value of his retirement
accounts. The court dismissed the case, ruling that
Bernstein's claims were speculative and lacked
concrete evidence of causation and direct harm.
* Liversidge v. Goldman Sachs (2013):
Alan Liversidge sued Goldman Sachs for what he called
"psychological damages" stemming from the bank's
involvement in the financial crisis. Liversidge
claimed that the bank's actions had caused him
emotional distress and anxiety, leading to various
health problems. The court found the claims to be
without merit, as there was no legal basis for
recovering damages for generalized emotional distress
caused by market fluctuations.
The first one is large public pension funds and the case is still in discovery, although it seems the big players got better at covering their tracks in the wake of the LIBOR fixing scandal.
