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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    • aaro [they/them, she/her]
      ·
      2 years ago

      I guess that tracks, but it feels weird to call something a "risk" when there is no upside (0% interest) and only a downside

        • aaro [they/them, she/her]
          ·
          2 years ago

          I follow. Thanks for walking me through it.

          As a wise man once said, "The kind Vladimir Ilyich would have shot everybody here".