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In reply to @mad0perator
tim 🥝@timdaub
3/18/2023

No I thought they take the underwater MBSs and bonds as collateral

In reply to @timdaub
mad0perator.crypto@mad0perator
3/18/2023

They do but I still think it is new money. Let me get a source for you. The obfuscation is intentional.