evolving issues, page-3

With 30d bb's around 6.75%, the margin RHG paid of 53bp means their funding cost is about 7.30%. I doubt their average portfolio rate is too much greater than this.
Aside from than, why did they choose just 30days???
Was it because they perceived that is the maximum term for which they could raise funds? Was it because to go to 90 days the base rate would have been 20 points higher (total cost of 7.50%)
Not a very good outlook for them either way.