acv on Nostr: It's definiately a bail out, but they're counting on the held to maturity value when ...
It's definiately a bail out, but they're counting on the held to maturity value when accounting. The money comes out of a tax payer funded program, now, but long term those bonds do pay 100% instead of the 70% current market value. Not to mention the interst they charge.
This is the whole point of having a central bank and a government bond as the 'reserve' of your system...
Unless that government defaults....
Published at
2023-03-13 17:02:04Event JSON
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"content": "It's definiately a bail out, but they're counting on the held to maturity value when accounting. The money comes out of a tax payer funded program, now, but long term those bonds do pay 100% instead of the 70% current market value. Not to mention the interst they charge. \n\nThis is the whole point of having a central bank and a government bond as the 'reserve' of your system...\n\nUnless that government defaults.... ",
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