March 27, 2023
On the failure of SVB and Fed’s BTFP credit facility…

Bank: Hey! Fed, help us!!! Fed: Yo, what’s up? Bank: We need some cash, quick! Fed: Hey, calm the fck down… What’s the problem? Bank: You told us in 2021 rates will be zero until like forever! So we loaded up on some crap mortgage bonds that pay peanuts. Fed: Lol! Bank: Don’t fcking lol […]

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