BTFP is cash loans for Treasuries.
It allows financial institutions to turn T-bills into cash without selling them.
The Fed isn’t printing money to buy impaired assets. The Fed is loaning money, which will be drained out of the system again 12 months from now.
Stu / ⚡️🌱🌙
npub1w4…zprhz
2023-03-12 23:56:08
in reply to nevent1q…gcec
Author Public Key
npub1w4swqedal6gcw23ndd93tkkdy3zj2l6zjdjvzrhu8rnw0k8lc8lswzprhzPublished at
2023-03-12 23:56:08Event JSON
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