Not only that but they’ll loan you more than the security is worth! | Hacker News

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		bradleyjg on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... Not only that but they’ll loan you more than the security is worth!

xuki on March 13, 2023 [–]

This is dog shit because banks can now buy bonds at market value and use them for collateral at par value. Brilliant idea really.

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