“The Fed won't disclose the names of the banks using the BTFP for two years”…
What a cesspool
“The Fed won't disclose the names of the banks using the BTFP for two years”…
What a cesspool
They want more deposit ser
But of course…
“We have investigated ourselves and found that we have done nothing wrong”
With every new policy that comes out, the game get more rigged towards entities that are too big to fail.
They’re not even trying to conceal the fact that they’re rigging the system now.
We’re at the point where they’re basically saying, “What are you gonna do about it? What can you do about it?”
Yeezh
Best to just assume they’re all using it.
In the past we had bad banks, in the future there will be zombie banks.
It's kind of gross. But to be honest, I understand why. Any bank they acknowledge helping, will have a bank run. That's their thinking here.
Public disclosure for thee not for we
It’s obviously the two that are blindly helping other banks “giving liquidity”