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3min chapter
BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Introduction
The Federal Reserve announced a new program to prevent contagion over the weekend. The BTFP offers loans up to one year in length to banks, saving associations and credit unions. What kind of incentives are we creating for banks when they don't have to actually account for inflation and hedge their risks? This is a major component of running a free and open economy.
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