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We could've forgiven the entirety of every single student loan yesterday, but instead -- Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets by magnora7 in news

[–]aewrgbaerbhr 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (0 children)

There is some comparison. They are purchasing the bonds back at current rates, which are abnormally high due to the market drop. In a few months when bonds go back to normal, the banks will use that cash to buy back into bonds at a lower price.