That’s par for your posting. More facts strewn about without a brain behind them.
The paper is held for 30 days and then renewed at the Fed’s discretion. They have stated it won’t be forever but it will certainly be for as long as their member banks need it to be. The deal was ‘you get the cash but show you are closing down your subprime operations and then pay back as soon as you can which is whenever you can’.
Private equity groups will pay back nothing because they posted the worthless collateral and the Fed holds that paper. The Fed may stipulate the loan be repaid but it will never be repaid. If you think otherwise, then it demonstrates what is already known about you. I expect you to show your ignorance here as in all things you post about.
I love the bailouts where you have to pay back the loan, with interest.
Private equity groups will pay back nothing because they posted the worthless collateral and the Fed holds that paper.
Private equity groups are not allowed to borrow at the discount window.
If you think otherwise, then it demonstrates what is already known about you. I expect you to show your ignorance here as in all things you post about.
See, you post errors about private equity groups borrowing at the discount window and then you claim I'm ignorant. You're funny! And wrong. Again.