3min chapter

Bankless cover image

Arthur Hayes Says, “Get your Bitcoin, and Get Out!”

Bankless

CHAPTER

Is the Government Going to Extend the Discount Window?

Small businesses are responsible for the majority of all economic activity in most countries. They can't get accounts at GP Morgan or a city, but they can get an account at Silicon Valley Bank. And so they were the ones making all these riskier loans and had more exposure to rising interest rates based on government bond portfolios. The question is what's the government going to do? Are they going to extend? Can they access a discount window?

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