Bitcoin went back up too soon 😭😑

Ok seriously for a second, if the Fed is backstopping a facility which gives banks full collateral credit for unrealized losses due to rate hikes, the Fed is basically saying it's entire hiking cycle will reverse and all bonds will eventually trade back to par?

Ok now that the FED saved the bank which then saved USDC.. we can do DeFi again 😂

The book valuation is fine.

The problem is that the bond market isn’t liquid enough to support a run of deposit withdrawals.

The Fed is offering a way for banks to get cash liquidity from their bond holdings without selling bonds.

Banks dying

I don’t think they are making anyone whole?

The banks have the asset value on their books. This isn’t an FTX situation.

Fed is just offering zero interest loans in exchange for staking Treasuries at FRBNY.

It means institutions can get cash immediately by staking treasuries without having to sell their treasuries.

Fed is really protecting SovX

Guys, you can stop saying money printer go brrrr. They’re literally going to press one button and magically billions will appear on the screen. It’s won’t even make a sound. Printing money costs money. They don’t want to be wasteful.

In hope that this action will make you not want to get your money

Anyone read about the Feds BTFP response to SVB?

“No losses would be borne by the taxpayer. Any shortfall will be funded by a levy on the rest of the banking system. Shareholders and certain unsecured debtholders will not be protected.”

Didn’t really see that coming.

They're going to print money to make sure you get your money?

*FED: BTFP IS BIG ENOUGH TO COVER ALL US UNINSURED DEPOSITS BS

It’s crazy to think that there’s actually people out there looking at this situation rn and thinking….

“You know what, I need more HEX.”

Natural selection in full swing.🫠

Godamnit I was expecting lesbian pron

Because people use to physically run to the bank to withdraw funds.