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I still don't get why not 30 yr notes, though, if this really was just greed.
by Zetice 4y ago
I still don't get why not 30 yr notes, though, if this really was just greed.
- mrguyorama 4y agoMaybe the people who were stupid enough to lock up over half their balance sheet for ten years were smart enough to not do it for 30? Most financial people who take a stupid risk to chase yield don't think they are taking a stupid risk. They, through self delusion or other means, convince themselves it is a sure bet.