Federal Reserve lent $300 billion in emergency funds to banks in the past week
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Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.

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  • aaro [they/them]
    ·
    2 years ago

    I follow. Thanks for walking me through it.

    As a wise man once said, "The kind Vladimir Ilyich would have shot everybody here".