#403: Dissecting the Banking Crisis with Parker Lewis
TFTC: A Bitcoin Podcast
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The Credit System Is Collapsing When We're Seeing This
During the repo spasm, they added a new facility that essentially allowed them to fund hedge fund margin trading accounts. If you have a treasury that's trading at 90 cents in the dollar and say you have a hundred million of that and say that that's worth 90 million if you were to sell it, they'd say, you don't have to sell it. That is functionally QE, right? Because they're saying, hey, no, we'll actually do you one better. We'll give you a hundred million, the par value of it and we'll take those as collateral. It's basically a repo, but a repo not at market value at par. And the reason why
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