Steven Kelly on the Silicon Valley Bank Collapse and Its Implications for Financial Policy
Macro Musings with David Beckworth
00:00
The Real Bailout Story Is the Regime Change in the Fed's Treatment of Collateral
Sally Kohn: I think the economic cost would be an implicit subsidy to banks. She says there's a lot of reasons to believe that there won't be any actual losses for the Fed, even worst case scenarios. Kohn: The real bailout story is the regime change in the Fed's treatment of collateral. Par Valley goes against every risk management commandment of the past 30 years she says.
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