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I accidentally loaned all my money to the US government

beanlog.vercel.app

11–20 of 512 posts

Re: I accidentally loaned all my money to the US government

#11
post #9

Er, what? Surely he's got the wrong end of the stick and they'll be refunding the excess $25 of his second purchase, (and now the entire $9975 of his superfluous third).

Yes, so for the next 8-10 weeks until the refund is processed he's effectively loaned the government his money.

Re: I accidentally loaned all my money to the US government

#12
"A refund of the excess purchase will be made"

Sounds like he will have made his intended 10k investment, there's no indication the system doesn't work as intended (even though it could work a lot better, obviously - the app could check for the investment limit right away, and an 8-week window for refunds, in a system that offers 2-month investments, is borderline scammy).

Re: I accidentally loaned all my money to the US government

#15
post #13

I'm missing the logic of the second 10k. He had already exceeded the limit. Why did he think that doing it again would change the outcome? It looks to me like he was going to get the extra $25 returned to him and have 10k in bonds. It's definitely vague though.

They thought they exceeded the limit by trying to send $10000+$25, so given that the $10000 was coming back, they expected that they're again $9975 under the limit.

Re: I accidentally loaned all my money to the US government

#17
post #10

Earlier quoted context omitted.

I honestly can't tell if this is satire.

Yeah, it must be satire, or maybe someone straight out of uni and still waiting for the reality check.

Is the US government really that bad? I hear Americans complain about it all the time but from my experience in the UK the government is mostly competent most of the time.

Re: I accidentally loaned all my money to the US government

#18

8-10 _weeks_ for a refund?! Jesus Christ. I know that US banking system is something else but this is preposterous.

I don’t see any reason to think that most of that delay is in the banking system and have every reason to think the overwhelming majority of the delay is in the US government’s system.

Re: I accidentally loaned all my money to the US government

#19
post #11
post #9

Er, what? Surely he's got the wrong end of the stick and they'll be refunding the excess $25 of his second purchase, (and now the entire $9975 of his superfluous third).

Yes, so for the next 8-10 weeks until the refund is processed he's effectively loaned the government his money.

But not all of it at 0% interest as he seems to think.
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