they are certainly going to try to sell treasuries:

http://ap.google.com/article/ALeqM5j...

but will anyone buy them, now that the japanese and chinese have learned better, or will they go into the account of some mysterious entity in the caribbean?

at least investors aren't selling their gold and silver today, for once. maybe the aig mess finally scared them enough to get religion. as of now gold is up $85 and silver up $1.45, but then they should never have gone anywhere near this low in the first place.