2min chapter

Swan Signal Live - A Bitcoin Show cover image

Dylan LeClair & Joe Consorti | Bank Runs, Bitcoin, and Self-Custody | Swan Signal E100

Swan Signal Live - A Bitcoin Show

CHAPTER

Qe5

The new emergency fed facility provides liquidity for banks that come under similar pressure, the bank term funding program. It's just another acronym they came out with. They can take their bonds that are underwater like Joe is saying that had suffered from all this interest rate risk and use them as collateral with the Fed value, but valuing them at par. And that's kind of the bailout, if you will.

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