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

00:00

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.

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