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<blockquote data-quote="shorthairsrus" data-source="post: 366857" data-attributes="member: 219">In the past week, the Fed’s financial statement shows it borrowed an additional $143 billion to fund the FDIC’s bailout of <a href="https://www.nytimes.com/2023/03/19/business/economy/fed-silicon-valley-bank.html" target="_blank">Silicon Valley Bank</a> (SVB) and <a href="https://www.reuters.com/business/finance/new-york-state-regulators-close-signature-bank-2023-03-12/" target="_blank">Signature Bank</a>, 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. You may recall that the Treasury is already precluded from any additional borrowing under the current congressional debt limit.Cuban is having a cuban right now -- laughing at all of you</blockquote>

[QUOTE="shorthairsrus, post: 366857, member: 219"] In the past week, the Fed’s financial statement shows it borrowed an additional $143 billion to fund the FDIC’s bailout of [URL='https://www.nytimes.com/2023/03/19/business/economy/fed-silicon-valley-bank.html']Silicon Valley Bank[/URL] (SVB) and [URL='https://www.reuters.com/business/finance/new-york-state-regulators-close-signature-bank-2023-03-12/']Signature Bank[/URL], 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. You may recall that the Treasury is already precluded from any additional borrowing under the current congressional debt limit. Cuban is having a cuban right now -- laughing at all of you [/QUOTE]

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