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The Bank Bailout Will Create Moral Hazard | Joseph Wang & Stephen Miran
Forward Guidance
Is the Fed Hiking Cycle Over?
When it comes to tangible capital, you're looking at unrealized losses. So a lot of the liquidity that regional banks have actually probably won't come from the facilities yesterday,. It will come from the FHLB. Is that limited to residential or, you know, if you have other loans, is it only homes? It's mortgages. No, not opposite. Commercial repel these okay as well. But corporate loan, I don't think you can do that. You have to go to the discount window. Got it. Well, the final topic I want to address is the huge rally in interest rates. We had a massive bull steepening short term interest rates just really, really
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