UH OH: Obama: Have ‘Absolute Confidence’ in T-Bills. Did previous administrations find it necessary to issue such attention-getting assurances?

UPDATE: Reader Bill Keane writes:

It is unsettlingly reminiscent of the comment made by Secretary of Treasury John Carlisle during Grover Cleveland’s second term. Attempting to reassure the public about the federal financial stability, Carlisle said “Treasury would meet demands for payment in gold so long as it has gold lawfully available for that purpose.” That reassurance (as you may well guess) did nothing to calm the public or the markets.

Oh, goody.