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The Lender of Last Resort (EP.300)

Animal Spirits Podcast

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Are You Getting Your Paychecks Done?

A million workers had their paychecks that could have been delayed at SBB if it wasn't rescued. The Fed can obviously track this at banks that didn't appear to be connected to any of these regional banks. There was no interest rates, in treasuries, or any other yielding security. It is head scratching that there's still so much money in these banks.

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