The History of the Bank Term Funding Program

I remember it very clearly. I started my business career in 1982 or three and it was 87. The stock market dropped 20 some odd percent in the space of a couple of days. And by the way, the exchange stabilization fund, which started off as, you know, 2030, 40 billion, almost a joke, is now up to $600 billion. They operate in every single market out there. So then, right, so flash forward from 1987, they put the put, they placed the put in place, right? They were those where it would kind of solidify. We've lived under this regime since that time, since 1987. In 1998, even though the Fed didn't

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