Comments by "Frederick Miles" (@frederickmiles8815) on "Bank Term Funding Program Blows Up In Final Minutes..." video.

  1. If you go to the window your going through way to much pain - that is the signal your sending to your peers. 'Lender of last resort' - what you are discussing the Chief Controls for JPM Credit Risk told me over 4 years ago (Q4 '19 repo spike). Fed is their criminal wisdom wants broken actors to go to window instead of triggering spikes in overnight lending. Fed and all SRO's and regulators exist to protect bad actors from accountability, but they are just the tail - bad actors will only go to window as last resort (in prep for bailout).
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