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Gbill7's avatar

I’m glad you’re addressing this matter today. When I first heard that it was ‘uninsured’ funds being transferred, I thought, is that going to be good enough to inspire depositors’ confidence? But what you say makes sense - the other banks will eventually have a shark fest, carving up and devouring the next big bank to go under.

This is the first time I’m hearing about the Fed’s new Bank Term Funding Program, so I know nothing about it. As time goes by, could you please let us know what you think of it? Is it a good idea, is it working out as planned, are there particular downsides to the program that you can see developing? Thanks!

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Edwin's avatar

"Out of the woods?"

For one thing, they do think it is their money!

Thirty billion dollars from 11 banks?

Thirty billion dollars. Not whose thirty billion dollars, just thirty billion dollars.

Oh well, compared to 6.9 trillion dollars, it is pocket change.

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