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Since you brought up treasury bonds, during the 2023 Banking Crisis, the Federal Reserve created the Bank Term Funding Program[1] that let banks borrow against the par value of bonds, rather than the market value.

I thought it was a really elegant solution, and has made me wonder if a similar program could be used for vacant Commercial Real Estate in the cast of a national vacancy tax, land value tax, or similar value-lowering event.

1: https://en.wikipedia.org/wiki/Bank_Term_Funding_Program#Prog...





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