Hey hey hey…those are ”deferred assets”.

Imagine having the power to create as much cans as you want and not aceaving shit... No "price stability" aka "slowly boiling the frogs", no world peace and on top of all you even make a fucking huge loss

Muahahhaha

The incompetence is just amazing hahahah

This is because of the bank term funding program. If you're a bank facing a liquidity problem the fed will buy your bonds at face value regardless of the market price. They're buying bonds worth $500 for $1000 just to keep the commercial banks afloat. Really great system we have.

Better than expected if true 🤦🏽‍♂️