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BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Fed's Incentive Scheme to Keep the Value of Collateral Stable
In 2008, the main collateral behind the banking system was house prices. The Fed has basically said, give me the treasure is I'll fund you at 100. What happens then is a couple of banks going and they're like, yeah, please, I'll do that because I'm in trouble. This incentive scheme makes it so that the policymakers' incentive scheme is to keep the value of the collateral stable or rising.
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