Federal Reserve lent $300 billion in emergency funds to banks in the past week
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Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.

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  • NephewAlphaBravo [he/him]
    ·
    2 years ago

    I have no faith that these won't just be forgiven like the round of loans during early covid.

    • CanYouFeelItMrKrabs [any, he/him]
      ·
      2 years ago

      The PPP loans given to business came from Congress I think. A ton of those got forgiven while of course student debt did not