To: Oldeconomybuyer
The fed forced banks to hold treasuries over mortgages to avoid 2008 again. Fifteen years of 1.5% treasuries suddenly facing 4.5% treasuries leaves an awful lot of reduced value Treasury holdings.
5 posted on
03/14/2023 8:06:08 AM PDT by
blackdog
((Z28.310) Forget "Global Warming", new grants are for "Galaxy Dimming")
To: blackdog
Well, not only that, but the money is locked up as it loses value to inflation at a rapid rate.
45 posted on
03/14/2023 6:41:10 PM PDT by
lepton
("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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