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A comment on US banks have $620B of unrealized losses on their books. Parent comment

Re:US banks have $620B of unrealized losses on their books by loeg on Friday March 31, 2023 @01:41PM (#35390436)
The bonds aren't worthless. The important distinction of the new short-term Fed lending program is that the Fed loans against the face value of the bonds, rather than the market value.
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Re:US banks have $620B of unrealized losses on their books by laweijfmvo on Friday March 31, 2023 @01:59PM (#35390722)
Thank you for clarifying
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