According to this article in the New York Times, people are now willing to buy up Treasury securities at zero percent yield. That's zero as in nothing. Nada. Zilch. The same amount you get putting your money under the mattress.
Now, I realize times are bad and the markets are unstable and people are afraid of losing money, but--can't you still earn four percent or so putting your money in a plain-vanilla CD? And isn't that equal to, let's see, roughly four percent more than zero? I mean, what, are the investors afraid that all the banks are going to collapse at once, bankrupting the FDIC and leaving them with nothing?
Hey, maybe the government can raise the money needed for the bailout by persuading investors to buy Treasuries at negative interest. "Here, we'll store your money in a nice safe place for just a nominal fee, and when this trouble's all over, you'll get the rest of it back."