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> with low interest 30 year loans Are those loans supported by other low interest loans they took themself?
by riku_iki 5y ago
> with low interest 30 year loans
Are those loans supported by other low interest loans they took themself?
- mynameishere 5y agoSure, checking accounts and the like.
- riku_iki 5y agoI was thinking about banks taking loans from Fed. I may be wrong, not an expert in this topic.
- neffy 5y agoNot usually in the bank's case - we have to hope - and if they are hopefully the various buffers against duration mismatches are sufficient - but then again this was the reason why Northern Rock and a bunch of other lenders went under in the 2008 crash.