They literally are going to hide the impaired banks from the consumers by burying them amongst healthy ones they are FORCING to get loans (for camouflage)!

~ via nostr:npub1qw6e8meaj5gzk49alamh9qf35lpmml5sq7ctjtxhcjk55qppmcjs0j2v52

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On the other hand, in an absolutely baffling 2008-esque move, Powell and the powers that be seem to want to normalize banks with impaired balance sheets; or at the very least hide them among the healthy ones.

The US is preparing a rule that would force banks to tap the Fed’s discount window for emergency loans, even if they don't need one.

...

As per usual, you don’t get access to these liquidity backstops. You will endure monetary tightening whether you like it or not, and there’s no central entity waiting at the ready to socialize your losses for you.

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https://thebitcoinlayer.substack.com/p/the-fed-is-planning-to-force-healthy