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The Wildness of Whipsaw Monetary Policy
The US was on the brink of a systemic wide, like banking crisis. And they're able to gloss it over with a discount window facility and a BTFP. Nobody cares because it's just another random fed facility with billions of dollars. The average retail person doesn't care. But what people don't fail to realize is the U.S. banks were at risk. Right. Where is the accountability? Anyway, I could literally rant on this for a while. It is wild."