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Lyn Alden: Banking Crisis Explained, Is This Start of a Systemic Financial Bust? Plus, Bank Consolidations and Bitcoin

Coin Stories

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Are Foreign Banks Eligible?

The Fed reserves liquidity facility is backed up by 25 billion in Treasury capital to absorb any losses that they might incur, which seemed somewhat unlikely. As far as Europe is concerned, that's more of a developing story because that's really happening today. But it's kind of bringing up old wounds. I mean, you know, Credit Suisse, for example, has just been this ongoing slow-motion train wreck of losing deposits.

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