How is this not Quantitative Easing:
Soft landing my a**, BTFP is going up again and I would love to know which regional banks are borrowing this time. Also it says on their website that BTFP ends on March 11, 2024 what happens the next day. The banks get their garbage collateral back which is still under water looking at the current yield curve. What happens if people and institutions want to withdraw money?
How can it be called capitalism if nothing is allowed to fail. The whole point of capitalism is you take the risk and if it works out you get the reward or you pay the price. The banks were dumb enough to have such low yielding treasuries during a rate hiking cycle – their fault so they should be allowed to die or get sucked up by bigger banks. LAW OF THE JUNGLE
h/t watifurdadpulledout