[ars]

> What I have a hard time with is this panicked rule change to create a temporary (at least for now, as devs we all know how temporary fixes often go...) system for banks to sell treasuries at par instead of at market. Do the 'little people' get such a deal with what treasuries they may have?

It's very temporary - it has a date baked into the law - they must have bought the treasury before the start date of the law to use it as collateral. And they can't "sell" the treasuries, they can borrow against them at the Fed interest rate plus 1%. It's not exactly the great deal you think it is.

It's just to give banks some liquidity, that's all. They certainly won't profit from it - the US government will actually make money from this.

> Do the 'little people' get such a deal with what treasuries they may have?

Yes actually, you too can borrow under this plan if you bought the right treasury type before the start date. It's a really bad deal for you though, the interest payments will cause you to lose money. It's only worth it for you if you absolutely must have cash right now, and you don't care what it costs.

> I guess we'll see in 15 years or so...

It's a 1 year plan, and the effects will be completely minimal.