I am guessing, (in fact I am pretty sure) this new Fed Balance Sheet level is to fund bank bailouts.
Strictly speaking since the bailouts are funded by printing money
it is not “taxpayer funded.”
I am guessing, (in fact I am pretty sure) this new Fed Balance Sheet level is to fund bank bailouts.
Strictly speaking since the bailouts are funded by printing money
it is not “taxpayer funded.”
Hey . . . if we don’t send the bill to the taxpayer
and don’t increase the deficit
then the bank bailout is “free” right?
Free money, free money, how could this possibly harm anyone?
Yeah I think this is what did it.
Banks are “rushing” to the Fed’s “discount window” to access cash.
They are doing so at a rate faster than in 2008.
Don’t get 100% alarmed, but yeah raise one eyebrow.
This is like buying an extra lock for your door. It does not mean you’re going to get robbed. It is something you do to prevent robbery.
Banks are rushing to the window to prevent problems. but umm, it’s a pretty big rush.