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BCB104: JOE CONSORTI: Recession, Real Estate, Banks & Left Nipples (Macro Update)
Blue Collar Bitcoin
The Differences Between BTFP and the Discount Window Mechanism
The Fed has created a new facility called BTFP that allows banks to post their Treasuries as collateral and borrow cash against them. The difference is that they can borrow cash at the full par value that those Treasuries mature at, right? So many regional banks, many small banks will go totally belly up, but the BTFP facility does save a lot of aAmitai Etzioni: We don't want the global banking system to implode on Blue Collar Bitcoin.
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