Fed Announces $25 Billion Bank Term Funding Program
https://azcoinnews.com/fed-announces-25-billion-bank-term-funding-program.html
Discussion
Awkward
But don't worry, they're not bailing the banks out.🤦♂️ Like $25B is even close to being enough.🤡
$25BN is actually kinda small. SVB had around 200BN assets under management I think. Now their not the only bank about to go tits up. Silvergate was already in major trouble and now it sounds like Signature is in trouble. More dominoes to fall soon I'm sure. 😈🔥
Funding for ants!