/biz/ - Business & Finance

>https://thehill.com/opinion/finance/3908515-the-fed-circumvented-the-debt-ceiling-to-borrow-billions-for-failed-banks/
>As of year-end 2022, The deposit insurance fund had assets of a little over $128 billion invested in government securities.
>

In the past week, the Fed’s financial statement shows it borrowed an additional $143 billion to fund the FDIC’s bailout of Silicon Valley Bank (SVB) and Signature Bank, even though the FDIC is supposed to fund bank bailouts using the deposit insurance fund and, if need be, by borrowing from the U.S. Treasury. Instead, the Fed borrowed these funds and lent them to the FDIC to keep these bank failures from reducing the Treasury’s cash balances.
JPOW WHY DID YOU FUCK US BY FIRING THE PRINTER AGAIN?

i think black betty is a pretty cool guy
eh destroys the market and don't afraid of anything