Post ATYYMtDlPw2WCgoELY by 7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff@mostr.pub
 (DIR) More posts by 7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff@mostr.pub
 (DIR) Post #ATYYMtDlPw2WCgoELY by 7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff@mostr.pub
       2023-03-12T23:52:06.000Z
       
       0 likes, 0 repeats
       
       Anyone read about the Feds BTFP response to SVB?“No losses would be borne by the taxpayer. Any shortfall will be funded by a levy on the rest of the banking system. Shareholders and certain unsecured debtholders will not be protected.”Didn’t really see that coming.
       
 (DIR) Post #ATYYMtozBXoW48DxMe by EvilSandmich@poa.st
       2023-03-13T00:38:59.693905Z
       
       0 likes, 0 repeats
       
       @7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff BTFP="Buy The Friggin Poop"They're loaning out printed money to insolvent banks against their garbage collateral (in effect buying it since they'll own it when the bank goes under anyway).  Yeah they're not hitting tax funds but they're still stealing taxpayer's money via inflation, that is, if they can't find someplace to sponge up those dollars (which, we probably wouldn't be here to being with if there was someplace).
       
 (DIR) Post #ATYaIy01uPk5m2dt44 by 7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff@mostr.pub
       2023-03-13T00:50:00.000Z
       
       0 likes, 0 repeats
       
       BTFP is $25bn of funding available for 1 year at overnight rate + 10bps.The budget deficit is $723 billion.The BTFP program is about 3% the size of what the government borrows EACH YEAR.
       
 (DIR) Post #ATYaIycJc4MpgmYSjw by EvilSandmich@poa.st
       2023-03-13T01:00:41.445341Z
       
       0 likes, 1 repeats
       
       @7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff >$25bnSomeone is optimistic.  Basically every bond issued over the last 15 years that's being used as collateral is underwater and even $250bn ain't gonna cut it.  A good chance that it will be '08 all over again where they will print and print until faith is restored, but unlike '08 they've shot themselves in the foot in closing down their overseas dollar sponges.  Odds are even though that they destroy depositors to save the dollar.
       
 (DIR) Post #ATYdheU7tt1qLvBMR6 by 7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff@mostr.pub
       2023-03-13T01:07:12.000Z
       
       0 likes, 0 repeats
       
       I am merely presenting the facts, this is what has been announced.https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20230312a1.pdf
       
 (DIR) Post #ATYdhkztgg0WYC5on2 by EvilSandmich@poa.st
       2023-03-13T01:38:45.967718Z
       
       0 likes, 0 repeats
       
       @7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff >FactsWe are still talking about the same crew that said everything was hunky dory way back on Thursday right?