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The case for the Federal Reserve and US Treasury not to intervene in the run on the banks
Here is one side of the argument:
The reality is that the Fed and Treasury have a magic bullet here. They can back up the deposits and with the 'held to maturity' problem, they could exchange those bonds for cash and take them on their balance sheet in a kind of mini-QE.
If either of those things are announced, the questions about the US banking... Read More
Posted: Mar 11 2023, 15:12
Author Name: forexlive
Views: 102043