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Note the terminology there: Cash or treasury bills. That $31 billion in commercial paper might not be actually liquid. The only thing that counts are the $6 b

Note the terminology there: Cash or treasury bills. That $31 billion in commercial paper might not be actually liquid. The only thing that counts are the $6 billion in cash and $15 billion in treasury bills. There are a number of other issues as well. Which bank is holding that cash? Is it actually a real bank?

wutbrodo 5y ago
> The only thing that counts are the $6 million in cash and $15 million in treasury bills. Those figures are all in billions. 21B/62B is still much much higher than the claimed 5%