It's definiately a bail out, but they're counting on the held to maturity value when accounting. The money comes out of a tax payer funded program, now, but long term those bonds do pay 100% instead of the 70% current market value. Not to mention the interst they charge.
This is the whole point of having a central bank and a government bond as the 'reserve' of your system...
Unless that government defaults....
acv / ⚡A C V⚡
npub1ac…rfyc6
2023-03-13 17:02:04
in reply to nevent1q…982n
Author Public Key
npub1acvd0s49qpxwzggjq6cx63vpmmw3rw0yw3u40ltesylq5ext5r5s6rfyc6Published at
2023-03-13 17:02:04Event JSON
{
"id": "9f44df6130941d3915354324693e1eb027fe5246b54a89d7db56255e26bc5503",
"pubkey": "ee18d7c2a5004ce1211206b06d4581dedd11b9e4747957fd79813e0a64cba0e9",
"created_at": 1678726924,
"kind": 1,
"tags": [
[
"e",
"4b2bf4256657e14c20600e84ab6f38e1c4b4b44f3fc7c9b670a38230f0082042",
"",
"root"
],
[
"p",
"014b9837dabb358fc0f416ceb58f72c4e6ed8fc6d317f0578dd704fc879f16f8"
]
],
"content": "It's definiately a bail out, but they're counting on the held to maturity value when accounting. The money comes out of a tax payer funded program, now, but long term those bonds do pay 100% instead of the 70% current market value. Not to mention the interst they charge. \n\nThis is the whole point of having a central bank and a government bond as the 'reserve' of your system...\n\nUnless that government defaults.... ",
"sig": "6bc31e0d65ba1cf10b799b53e7ca0b34e5aa5f72fc7095ac500c3895580a6061ceebb62e5de55b5c7c98becc54086d07ccaef8e8a7242236147f381e35677f8d"
}