SpyMasterTrades on Nostr: Banks are now gaming the Federal Reserve's bank term funding program. This borrowing ...

Banks are now gaming the Federal Reserve's bank term funding program. This borrowing in turn increases the new fiat currency creation.

This is yet another example of how the #Fed throws a lifeline to Wall Street banks at the expense of Main Street paying for higher inflation.


Link to WSJ article: https://www.wsj.com/finance/banking/the-fed-launched-a-bank-rescue-program-last-year-now-banks-are-gaming-it-43e9cee3
#Banks / #Insolvent / #BankingCrisis / #BankRuns / #Bitcoin / #BTC