Comments by "nuqwestr" (@nuqwestr) on "Multiple US Banks Collapse—Are “Bailouts” Needed to Avoid Catastrophe? Ft. Matt Stoller." video.

  1. Fed Reserve just announced The Bank Term Funding Program which offers loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging any collateral eligible for purchase by the Federal Reserve Banks... These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.
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  2. SVB CEO Becker was on the Board of San Francisco branch of Fed Reserve tasked with guidance and oversight of SVB, Becker also major donor and close personal ties to Gov Newsom and his wife. We all saw the inverted curve, SVB believed inflation "transitory", which was guidance from both the Fed and Biden admin. Go woke, go broke.
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  3. SVB CEO Becker was on the Board of San Francisco branch of Fed Reserve tasked with guidance and oversight of SVB, Becker also major donor with close personal ties to Gov Newsom and his wife. We all saw the inverted curve, SVB believed inflation "transitory" which was guidance from both the Fed and Biden admin. Go woke, go broke.
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  4. Clinton/Graham tanked Glass Steagall.
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