Balaji
over 2 years ago
Important update. Let's see if this has come in time. "Finally, the Fed...announced it will make available additional funding...to help assure banks have the ability to meet the needs of all their depositors." t.co/lOxOGEa2MK t.co/StcCoiwpHW t.co/kBtgujLZ2M
The fundamental question now is what the post-SVB state of the economy is. Before, only the too-big-to-fail banks had an implicit guarantee beyond FDIC insurance. Now, perhaps FDIC insurance has been replaced with Fed insurance. That is, maybe the Fed will now backstop every… t.co/zCvADwIvFL
Aha. Here's the mechanism. So, they may print away the bond losses. Given their scale, we will see if $25B is enough. t.co/1XXjSAhc2C t.co/BztTuMavKg
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