US guarantees all deposits after Silicon Valley Bank collapse, as Biden promises action

"Banks will also now be allowed to borrow essentially unlimited amounts from the Federal Reserve for the next year, as long as the loans are matched by safe government securities"

https://www.theguardian.com/business/2023/mar/12/silicon-valley-bank-collapse-no-bailout-janet-yellen

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Giving someone a loan for a unsellable asset is 'definitely not a bailout'

They're scared to call it the correct name.

Ngl, kinda feels like this.

Weird, I see you reposted this but isn't showing on your timeline for me. I assume you see it on yours? What client are you using?

Amethyst - and I can see it on my timeline.

Ye, not sure if that's app or browser related on my side. I had some issues with a Snort repost earlier (that didn't show up on several apps/browsers).

What a shit show

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What the heck does that even mean

Everyone gets funds!!! #BankingBad #[1]