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by AnimalMuppet 2434 days ago
$120B in overnight loans is not $690B a week. It's the same $120B, lent at night, repaid in the morning, and lent again the next night. A site that doesn't understand even that much about what they're talking about is not a site that I'm going to read in order to find insight about Wall Street.

[Edit: spelling]

1 comments

Lend me $120B every single night, then. I'll pay it back each time, and pocket $30M each time. Why are they getting any?