By their own numbers, it is at most 2.9% backed by cash. The rest of it is supposed to mostly be commercial paper. The problem with that is, in one month, the

By their own numbers, it is at most 2.9% backed by cash. The rest of it is supposed to mostly be commercial paper. The problem with that is, in one month, they would've needed to buy more commercial paper than was even sold. So that part is likely false, too.