They earn 0.25% interest on nearly 2 Trillion dollars that was wished into existence in order to buy their toxic assets. They got paid at book price rather than at market price for these trash bonds and failed financial instruments.
Can you sell your failed assets to the Government at book price? No. But they can.
Ok, I have to go home now. We'll do this again another day, no doubt. Good night all.
The Fed didn't buy toxic assets, guaranteed bonds only. Bonds that yielded 2%-4%. In return for cash that earns 0.25%. If you think they win with that lower rate.....
They got paid at book price rather than at market price for these trash bonds
Wow, two huge errors in one sentence.
Can you sell your failed assets to the Government at book price? No. But they can.
No they can't.
We'll do this again another day, no doubt.
Always glad to try to help, however unsuccessfully.