Fed to let the BTFP expire. US Banks will take a huge hit and have immediate capital adequacy issues.
(media.kotakuinaction2.win)
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Watch the Fed reverse this and keep printing money…
Or let it expire, panic and implement a replacement program 2x the size the following week…
Or, possibly, let the smaller banks collapse to further consolidate the banking sector.
That's the smart bet.
Because banks were abusing it in an infinite money glitch.
Fed needs to take a lesson from Blizzard - remove all the glitched items and account bans.
The FBI starts seizing safe deposit boxes so they can look for duped SoJs.
Banks are the government lol
Just in time for the Dems to claim they can solve this, right?