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The Return Of Bank Runs | Sheila Bair, Former FDIC Chair
Forward Guidance
The Cost of Collateralized Borrowing to the FDIC
The Federal Reserve makes loans either via the discount window or now via the new bank term funding program and out to two days after Silicon Valley bank failed. If those loans are made to insolvent institutions that will subsequently fail, sometimes the cost to the FDIC could actually increase because those loans are guaranteed by good assets. I imagine this problem is greater when you're lending its assets at a value inflated to its market value when you're running it's at par value.
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