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clarencebeaks21

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clarencebeaks21

Re: Donotunderstand post# 719144

Thursday, 04/28/2022 1:16:13 PM

Thursday, April 28, 2022 1:16:13 PM

Post# of 801225
"But here the LP is a counter of obligation from F and F to Treasury as counted by Treasury".

I would have said it as: "And here the LP is ALSO a counter of obligation ...". Then I think you've got it 100%.

The LP's primary purpose was, and is, to set the UST's priority
The LP's secondary purpose was, and is, to count the total obligation.
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