The Fed's Killer Whale Crisis

Sally Kohn: I've been working on this video for two months, at least. And now you need to write it in a way so it's efficiently presented and punchy. She says the Fed has admitted that it did this is how things work when it expands deposits by that when it buys assets from non banks that expands deposits. But if you do understand pandemic QE and the mechanics of it, the crisis suddenly begins to make sense because now you're clued in as to where deposits that are big enough to take down entire banks when they leave came from Pandemic QE.