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Similarly, the new uninsured deposit program, banks get to pledge Treasuries and other high quality assets valued at par, meaning all mark to market losses in a rising interest rate environment go poof. This is effectively a “Get out of bad asset-liability management free” card.
this sounds really really bad
it's okay, biden will wave a rusty razor at the regulators and they'll shape up out of terror
it's only a bailout when it's from the Bailóut region of France, otherwise it's just sparkling financial assistance
This bailout is totally different from Biden's boss Obama's bail out because it's not called a bailout and it's for a small bank, please keep voting for democrats CHANGE ™️ will come if we just vote hard enough, please :morshupls:
