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104: Balaji $1m Bitcoin Bet, Banking Crisis, Ryan Reynold’s Business Empire & GPT-4
Not Investment Advice
Arthur Hayes's Article on the Fed's Term Funding Program
This is another way of putting money directly into the banks, but it's a little bit roundabout. Arthur Hayes says that this essentially creates $4 trillion of money. Not everybody has to do it, right? Like JP Morgan doesn't have to go borrow against this entire loan portfolio because it has a very strong balance sheet. But if every bank wanted to post their bonds and get as collateral and get the money in the home,.
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