2min chapter

Coin Stories with Natalie Brunell cover image

Danielle DiMartino Booth: Economic Downturn Worse Than '08 Global Financial Crisis? Bank Failures, Consolidations and Fed Pivot

Coin Stories with Natalie Brunell

CHAPTER

The Fed's Backstop on Commercial Real Estate

The Fed is set up with the Treasuries, only $25 billion. There's a loss involved, right? If they have to keep the collateral, then the Fed's going to mature out the paper and it'll be money good fine. But what if they open the window to other, this new facility to other types of securities? That's what they're talking about today. So all of this is not going away. We forget that we were going into recession at the end of 2019. And then we gave you as households a ton of money. Everything was OK for a little while but we're just back to where we were.

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