Comment

Comment by cinquemb

Large cheap loans from the federal reserve only they have access to and you don't.

Also helps when FRBNY in conjunction with the Tresury dept via state street and blackrock is buying their HY bonds (TMUS US87264AAT25 [Ba3], S US85207UAK16 [B1], CTL US156700BC99 [Ba3], LVLT US527298BF96 [Ba3], VOD US92857WBQ24 [Ba1] for just a few examples, all trading way over par) on you, the taxpayers behalf, on leverage, in the secondary market and thus helping to lower their ongoing borrowing costs.

parent cinquemb 6 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton