Uh, 90 day penalty is a 25% per annum haircut on day 364 => 2.325% and even lower on any day before. Saying that's "not too far off" is the financial illiteracy

Uh, 90 day penalty is a 25% per annum haircut on day 364 => 2.325% and even lower on any day before. Saying that's "not too far off" is the financial illiteracy that upthread is talking about.