Replying to Avatar Secretary Janet Yellen

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

78
78e47dfe... 2y ago

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

Reply to this note

Please Login to reply.

Discussion

Avatar
Secretary Janet Yellen 2y ago

They're scared to call it the correct name.

78
78e47dfe... 2y ago

Ngl, kinda feels like this.

78
78e47dfe... 2y ago

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?

Avatar
Secretary Janet Yellen 2y ago

Amethyst - and I can see it on my timeline.

78
78e47dfe... 2y ago

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).