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I think that's the point of the article (it's not something just anyone w/o the right connections could do). It's a satirical illustration of how this small gr
by pmorici 17y ago
I think that's the point of the article (it's not something just anyone w/o the right connections could do). It's a satirical illustration of how this small group of people who should have gone bankrupt are making out like bandits at the general publics expense whilst the whole scheme is constructed in a way to obscure the nature of what is ultimately happening.
Also it isn't saying you should take out the .25 percent loan for 30 years it is saying you buy 30 year treasuries. I think it is assumed you can sell those treasuries back to the Fed at some point when the original loan needs to be repaid.