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Inside the Financial Storm: Expert Randy Woodward Unravels the Terrifying Truth of Credit Risk

Lead-Lag Live

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The Magnitude of the BTFP Program Is the Question Mark

The magnitude is the question mark which makes everybody sort of nervous about deploying all at once. My fear is that there's something bigger coming and we've seen so many big you know last thing here I will tell you what I would I was amazed about in this process is the reaction to the BTFP program the Bond term funding program that the Fed put in place. That kind of lending has never been done ever. You can take your collateral that's worth 80 cents and I will lend you 100 cents. And oh also I will charge you this rate but if tomorrow the rates lower I will allow you to change to that lower rate. It's an extraordinary facility that back in 07 and 08 really

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