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Political Discussion
Reply to "SVB Bank Run: Fed Calling Emergency Meeting "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyone here care to disabuse me of the idea that the Fed’s new Bank Term Funding Program is a bailout. Cheap credit for the *face value* of treasury and agency collateral![/quote] It's a bail out. Regardless of what they say. [/quote] Good. “Bailouts” preserve hundreds of thousands of jobs.[/quote] Wrong. The fed prints dollars, not prosperity.[/quote] If the fed bails them out, any reason why taxpayers should have to repay that? It's banks bailing out themselves, after all.[/quote]
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