Danielle DiMartino Booth: A Banking Panic Makes The Fed’s Job More Difficult
Forward Guidance
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The Moral Hazard of the Emergency Measures Announced Yesterday
Daniel Altschuler: If you're operating under the presumption that the US banking system is by design unsafe, then it's not the United States of America banking system. There's good reason that there were hedge funds out on Saturday morning saying, initially, I'll offer you 80 cents on the dollar. Backstopping depositors and searching for higher yield because you can find it present banks with two different challenges.
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