Soooo….let’s keep raising rates…which will keep obliterating the market value of mid to long duration treasures…which are mandated to be held by all the banks HQLA at 100% due to laws from the Great Financial Crisis….*AND* …we’ll create a new backstop for any banks that also fail like SVB along the way…
People this is total desperation…Hail Mary pass…to regain control of the train that has already run off the cliff…
