madeoutofmeat [he/him] to

news • 2 years ago

Permanently Deleted

Removed by mod

cross-posted to:
chat

107

Permanently Deleted

Removed by mod

madeoutofmeat [he/him] to

news • 2 years ago

cross-posted to:
chat

Federal Reserve lent $300 billion in emergency funds to banks in the past week

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.

Permanently Deleted

Chat

opsecenjoyer [none/use name]
·
edit-2
2 years ago
deleted by creator

link
- nat_turner_overdrive [he/him]
  ·
  2 years ago
  My impression is they were likely keeping two books and counting those loans as new deposits, but maybe I'm giving their grift too much credit
  
  link
  - MerryChristmas [any]
    ·
    2 years ago
    Isn't that part of what happened with FTX or am I getting my financial entities in crisis mixed up?
    
    link
    - nat_turner_overdrive [he/him]
      ·
      2 years ago
      I think it is, there's only so many tricks to be played
      
      link

news

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !news@hexbear.net

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

587 users / day
1.57K users / week
2.32K users / month
4.29K users / 6 months
22.6K local subscribers
23.6K subscribers
20.7K Posts
431K Comments
Modlog