News for hackers. Stuff that matters.
Re:Coordinated central bank action to enhance the provision ... by lazide on Sunday March 19, 2023 @07:49PM (#35225126)
They’re making it easier to swap debt for cash (temporarily), so no one panics because they can’t get a loan fast enough in USD.

The ability to do so is key for a great many financial operations.

Re:Coordinated central bank action to enhance the provision ... by alooPotato on Sunday March 19, 2023 @10:17PM (#35226459)
Why is it a temporary thing? Seems like all upside?
Re:Coordinated central bank action to enhance the provision ... by yeahsure22 on Sunday March 19, 2023 @10:45PM (#35226651)
Well the debt is worthless so one but the FED can afford to buy it.