Replying to Ralphy

Well, while the three crypto banks have already been shuttered, other institutions that perhaps should also fail will not because of newly announced infinite backstop/bazooka from fed.
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⚡️🌱🌙 2y ago

Infinite backstop bazooka?

Is that what you call the $25bn capped, 12 month limited, Bank Term Funding Program they announced today?

This program is small by recent standards. QE was $85 billion per month and it ran for 5+ years.

QE was equivalent to doing BTFP every single week for 5+ years!

So a little context here, please.

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