To: central_va
Why cant I borrow money directly from the Fed at 0% like banks get to do? That's a great question, especially considering the double digit rates the same banks charge for balances on consumer credit cards.
97 posted on
12/16/2013 7:15:32 AM PST by
mac_truck
( Aide toi et dieu t aidera)
To: mac_truck
That's a silly question, considering loans from the Fed are fully collateralized, over-collateralized even, overnight loans and credit card loans are unsecured.
98 posted on
12/16/2013 7:19:29 AM PST by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
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