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Or, use the Fed's new facility announced Sunday - before market open - to borrow unlimited cash using their treasuries as collateral at PAR value.
by onlyrealcuzzo 4y ago
Or, use the Fed's new facility announced Sunday - before market open - to borrow unlimited cash using their treasuries as collateral at PAR value.
- LatteLazy 4y agoIf you qualify, not sure SVB do. Also, the interest rate on those loans is quite high, higher than the fed rate. So it might buy you time, but you're basically commiting fraud by doing it...
- onlyrealcuzzo 4y ago> If you qualify, not sure SVB do. SVB is already done. They obviously don't qualify. All functioning banks do. > Also, the interest rate on those loans is quite high, higher than the fed rate. By .1% > So it might buy you time, but you're basically commiting fraud by doing it... It's not fraud. The Fed literally made this investment vehicle to bail out banks.
- Scoundreller 4y agoI have a stock that went down over the last year, can I do the same kind of thing? If I made more money last year than this year. I can still put the older higher salary on this credit application, right?
- onlyrealcuzzo 4y agoSilly rabbit, hand outs are for the banks.