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04-03-2020, 03:29 PM #1
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Ok, so it’s clear you don’t even know what you’re talking about. These are banks using their own money, who then have to petition the Treasury for reimbursement (which will take 60-90 days) if the lender deems the borrower eligible for loan forgiveness.
It’s the bank using its own capital, but just given a 0% risk-weight.
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