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2min chapter
Panic In The Banking System
The Macro Trading Floor
Do We Have Other Banks Below the Threshold With a Similar Business Model?
The first option from a bailout perspective is obviously for the local department of the Federal Reserve to bail them out with a loan they had a loan of $15 billion at the San Francisco Fed already ahead of this run. The next question is whether politicians in DC will now step in so far only local authorities are involved on paper at least and obviously I wouldn't rule that out but in any case it would be a very bad signal to sendQuestion here is do we have other banks below the threshold with a similar business model could very well be? We should maybe talk about market reactions to that first and then let's chat about other banks.
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