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That doesn’t buy them back. It allows banks to use them as collateral for a loan. So it provides short term liquidity, but the banks are still on the hook if pr
by dimal 4y ago
That doesn’t buy them back. It allows banks to use them as collateral for a loan. So it provides short term liquidity, but the banks are still on the hook if prices don’t recover. The hope is that eventually prices will recover.