A Real-Time History of the Crypto Banking Crisis, With Austin Campbell
The Breakdown
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Is That a New Type of Moral Hazard?
On Sunday, the Fed announced not just sort of these specific sort of depositor protections. But also a new Fed lending facility so that theoretically, banks can borrow against the full value of underwater bonds. "I would say one, I wasn't that surprised by that facility," says Peter Navarrette.
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