• emizeko [they/them]
    hexagon
    ·
    2 years ago

    Similarly, the new uninsured deposit program, banks get to pledge Treasuries and other high quality assets valued at par, meaning all mark to market losses in a rising interest rate environment go poof. This is effectively a “Get out of bad asset-liability management free” card.

    this sounds really really bad

    • vertexarray [any]
      ·
      2 years ago

      it's okay, biden will wave a rusty razor at the regulators and they'll shape up out of terror

  • Tervell [he/him]
    ·
    2 years ago

    it's only a bailout when it's from the Bailóut region of France, otherwise it's just sparkling financial assistance

  • SorosFootSoldier [he/him, they/them]
    ·
    edit-2
    2 years ago

    This bailout is totally different from Biden's boss Obama's bail out because it's not called a bailout and it's for a small bank, please keep voting for democrats CHANGE ™️ will come if we just vote hard enough, please :morshupls: