madeoutofmeat [he/him] to

news • 2 years ago

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107

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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.

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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?
  
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  - nat_turner_overdrive [he/him]
    ·
    2 years ago
    I think it is, there's only so many tricks to be played
    
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