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More like they took on a shitload of very low interest debt back when the fed rate was 0%. Now that the fed rate is 5.5%, they can’t just roll over the loans and have to start paying them back.
More like they took on a shitload of very low interest debt back when the fed rate was 0%. Now that the fed rate is 5.5%, they can’t just roll over the loans and have to start paying them back.