"...the tacit default of the U.S. Treasury itself." What does that mean?

Quote

In the report, the analyst notes:

The Company’s free cash flow and profitability remains questionable due to further increases in expected defaults from increases in unemployment, deteriorating and real estate values. Recently released data revealing record credit card defaults is only the tip of a bigger not-yet-resolved credit contraction and default environment in all segments of the U.S. economy, including the tacit default of the U.S. Treasury itself.

If FASB 157 was enforced as originally intended, the Company is negatively valued. It’s anticipated that further stock issuances and government bailouts are forthcoming, with the former most likely.

Are global analysts suggesting the Treasury will go belly up soon? To bad, so sad?

read more here - http://trak.in/india/beacon-equity-issues-positive-trading-overview-for-ambac-financial-group-inc/news-26882/

Another "We didn't know this would happen...we couldn't predict this would happen" as a result of spending and going further into debt?

Why isn't the economy job one?

Why isn't fixing the problems with conflicts of interest, nepotism, and cronyism job one?

Does healthcare and insurance reform really matter when you live in a Banana Republic?

Why isn't reforming the financial system and the job rotation job one?

Where is the change? Voters need to give Washington a clean sweep. Does it really matter what party? Who's voting to destroy our currency? Who's voting for financial debt slavery?

Wall Street does't butter the bread on Main Street. They're eating high on the hog.

jmho