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Why do you think the Fed was making things up as they went along? The rules were written down years ago and they were followed in this case. https://www.fdic.
by dev_tty01 4y ago
Why do you think the Fed was making things up as they went along? The rules were written down years ago and they were followed in this case.
https://www.fdic.gov/bank/historical/crisis/chap2.pdf https://www.fdic.gov/bank/historical/crisis/chap2.pdf
- sanderjd 4y agoI think you may have missed the news last night. They just invented three brand new facilities within 72 hours of SVB collapsing. That is making it up as you go.