[delfinom]

Bonds weren't the problem. The financial strategy employed to use those bonds was the problem.

You can do the same thing to yourself. Take your life savings and emergency fund and put it locked up into 10 year treasuries bought direct from the treasury. Now go have an emergency. Good luck, have fun.

[denimnerd42]

you can transfer your treasuries to a broker and then sell them. i do see your point though. if your emergency is you need your life savings TODAY then yeah you'd have a problem. but you could probably find a source of credit while you sell.

[she11c0de]

> you can transfer your treasuries to a broker and then sell them.

Only to find out that because of the raised rates nobody wants to pay for them enough to cover your emergency.