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Pod 19: Silicon Valley and Signature Bank Collapse, Regional Bank Crisis, The Fed's Response, CPI, and New Fed Policies for Markets

Unusual Whales

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HTN Bonds

Ben Last Bear: It was too late, then they did it so fast. Not all banks chose to reach for an extra 40 bits and then reclassify as held as held to maturity. He says the new program kind of solves that problem, doesn't it? Now they can just borrow the money and give deposits or money. But again, to my comment earlier, quoting Joseph Wang, is that, you know, it's not like this is a complete free lunch either, right?

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