The Fed's Job Is to Provide Liquidity to Banks

When a bank is experiencing a run, the Fed is supposed to step in and provide liquidity so that the thing that happened in SVB doesn't happen. In fact, we know is the Fed in the face of its lead member banks did the opposite. Your money when it gets transferred, it's not transferred at all. It's deleted. And it's supposed to reappear like Star Trek. But I want to come back to this brooking story because it's interesting what the Fed has done here.