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submitted 10 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[-] davel@lemmy.ml 0 points 10 months ago

I think this is the QE hat trick currently in play to rescue banks: https://longviewfa.com/how-the-banking-failures-unfolded/

A new facility that was enacted by the Treasury will provide help to these banks by allowing them to place these underwater bonds at the Federal Reserve at full price.

this post was submitted on 08 Jan 2024
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