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That’s just accounting. They reclassified now because they were having a crisis, but of course they would have reclassified later when it was advantageous. The
by swatcoder 4y ago
That’s just accounting. They reclassified now because they were having a crisis, but of course they would have reclassified later when it was advantageous.
They weren’t trying to tie up their funds in extremely low-yield assets for the next decade. They were parking it somewhere that made their books work until they could move it somewhere else.