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Yes, so for the next 8-10 weeks until the refund is processed he's effectively loaned the government his money.
by Jabbles 4y ago
Yes, so for the next 8-10 weeks until the refund is processed he's effectively loaned the government his money.
- hanoz 4y agoBut not all of it at 0% interest as he seems to think.
- tluyben2 4y agoWhy? Both emails says the purchase of bonds failed and a refund will be processed; you cannot expect that to give you any interest right?
- ricardobeat 4y ago10k of it is still in the bonds, which will be paid back with interest.
- hanoz 4y agoThe email is saying, rather clumsily, that the excess $25 of the second purchase will be refunded, and this interpretation is confirmed by fact that the third payment was also deemed to exceed the limit, which it would not have done if the second amount was being rejected in its entirety.
- tluyben2 4y agoWeird he would say that as he gets an overview of the bonds he did purchase as he did with the 25$. If he got those it would be somewhat weird.