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Two failed banks, facial recognition, diversity of crash test dummies

Laura Coates Live

00:00

The FDIC Facility Opening a Lending Window

The FDIC was willing to backstopping all deposits for these two institutions above the 250,000 mark and making it pretty implicit that they would be willing to do it for other institutions if they needed to as well. The Federal Reserve facility opened a lending window to these regional banks that got hammered today in the bank stocks. They still have access to liquidity because they have options with this lending facility. Those are good signs.

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