https://home.treasury.gov/news/press-releases/jy1337 #tech #google #microsoft https://www.wsj.com/articles/federal-reserve-rolls-out-emergency-measures-to-prevent-banking-crisis-ba4d7f98 I meant the depositors will be rescued
I mean the bank is f*ed, but the depositors are gonna be covered.
Great! Looks like all domino effect!
To the surprise of no one who been paying attention and been rational about this.
What's the purpose of clearly stating everywhere that deposits are only insured up to $250k but anytime someone has more than that amount in a bank and the bank fails then the government covers it anyway?
Itβs at the discretion. Meaning if someday a lot of bank goes wrong or some real large amount goes wrong they will not be forced to redeem all
Also, they will recover the credit they are extending from the bank's assets until repaid. They can wait it out, gov not going anywhere.
The fed will provide liquidity for banks to take out loans against collateral (such as longterm treasuries). Does anyone know what happens if the loans cannot be paid back? Will the bank be auto liquidated if their collateral drops below a certain % threshold or will the tax payer take the loss?
idk, they said taxpayers won't be on the hook but in the long term it's uncertain (aka we're probably on the hook if it goes south)
Whew! Recession canceled π
Does this mean inflation will go up or down?
I might be out of a job but so happy to see our clients find safe
Are you out of job or are you assuming you lost your job?
Both
Market about to boom on Monday!!!
Fuck yeah! But not for too long.
Sell sell sell