2min chapter

Swan Signal Live - A Bitcoin Show cover image

Dylan LeClair & Joe Consorti | Bank Runs, Bitcoin, and Self-Custody | Swan Signal E100

Swan Signal Live - A Bitcoin Show

CHAPTER

The Fed's Getting a Baking License, Right?

The longer the instrument as Joe said earlier, as yields go up, the price goes down. So these guys had marked to market unrealized losses that they won't have to realize under this sort of under a facility like this. Your gains will be privatized. Your losses will be quasi socialized in the form of other Fed balance sheet expanding or the treasury failure depositors. This is obviously an implicit advertisement for something that can't be corrupted.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode