
Bank's Face A Crisis Of Confidence | Weekly Round Up
Inflection Point
00:00
The Fed Reopens Their Discount Window
The Fed has reopened their discount window and BTFP facility. This allows banks, the problem with banks that you and I talked about last week is that there are basically two risks when it comes to bonds. The safe and liquid collateral that was sitting on these banks balance sheet, which was exactly what they were supposed to be doing went down an enormous amount and they got in trouble. Mark: At the end of the day, I agree with you that the decision is a good one, right? These are money good assets.
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