Anonymous
03/17/2023 20:36
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote: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!
It's a bail out. Regardless of what they say.
Good. “Bailouts” preserve hundreds of thousands of jobs.
Bailouts preserve the wealth and power of society’s worst.
Anonymous
03/17/2023 19:32
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote: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!
It's a bail out. Regardless of what they say.
Good. “Bailouts” preserve hundreds of thousands of jobs.
But, Yellen seemed to say that smaller banks would not get the same treatment. Lankford's questioning was disturbing.
Anonymous
03/17/2023 19:22
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote: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!
It's a bail out. Regardless of what they say.
Good. “Bailouts” preserve hundreds of thousands of jobs.
Anonymous
03/17/2023 19:19
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote: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!
It's a bail out. Regardless of what they say.
Anonymous
03/17/2023 19:15
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:
Good thing they had a fishing industry to fall back on.
Anonymous
03/17/2023 18:58
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote:Credit Susie’s too
I love this typo.
Credit Susie was my girl for a while, but at some point she didn’t care to take my deposits.
UBS is in talks about acquiring her.
Anonymous
03/17/2023 17:42
Subject: SVB Bank Run: Fed Calling Emergency Meeting
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!
Anonymous
03/17/2023 09:33
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous
03/16/2023 21:51
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Credit Susie’s too
I love this typo.
Credit Susie was my girl for a while, but at some point she didn’t care to take my deposits.
Anonymous
03/16/2023 19:16
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Big banks band together to bail out First Republic, injecting $30 billion into the faltering bank.
https://www.citigroup.com/global/news/press-release/2023/bank-of-america-citigroup-jpmorgan-chase-wells-fargo-goldman-sachs-morgan-stanley-bny-mellon-pnc-bank-state-street-truist-and-u-s-bank-to-make-uninsured-deposits-totaling-30-billion-into-first-republic-bank
https://www.citigroup.com/global/news/press-release/2023/bank-of-america-citigroup-jpmorgan-chase-wells-fargo-goldman-sachs-morgan-stanley-bny-mellon-pnc-bank-state-street-truist-and-u-s-bank-to-make-uninsured-deposits-totaling-30-billion-into-first-republic-bank
Anonymous
03/16/2023 13:42
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Credit Susie’s too
I love this typo.
Anonymous
03/16/2023 13:38
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Credit Susie’s too
Anonymous