SVB collapse was Fed planned
The Fed had modified in 2021, its payment systems risk policy, the ones that are aimed at mitigating some of the pressures firms feel about holding intraday cash. The objective was to expand access to collateralized intraday credit and to clarify the eligibility standards for accessing uncollateralized intraday credit. The SRF(Standing Repo Facility) is where the Fed stands ready to lend cash through repo contracts that use open-market-operations eligible assets as collateral. This is why collateral holdings increased steadily from about $1 trillion to just under $4 trillion since 2011. Banks will now include access to the SRF in their resolution planning. Guidance from regulators favoring that will induce systemic firms to rebalance their cash and other liquidity provisioning toward HQLAs accepted at the facility, which can yield a higher return than cash.
This is all preparation for the digital dollar that is coming very soon. Cash is outdated and is on life support with January 2025 being set as the day its plug gets pulled.
The banks will build up confidence again over the weekend so Monday $PacWest Bancorp(PACW.US$ $First Republic Bank(FRC.US$ and $Metropolitan Bank(MCB.US$ will be high flying right out the gate.
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Mcsnacks H TupackOP : Thing I learned today: Saddam Hussein was a CIA agent recruited in the 1960's to assassinate the then dictator of Iraq.
Mcsnacks H TupackOP Mcsnacks H TupackOP: Which means that George Bush Sr was once his boss.
Rockhoundj : Thanks mcsnacks, It’s disheartening yet inevitable.
Thecrawforrd Mcsnacks H TupackOP: And then turned around in the 1990’s trying to pull off a coup d'état against him lol
soyabean89 : Sure hope so.. I doubled down on $Western Alliance Bancorp (WAL.US)$
Mafiosa818 : thanks bro i really appreciate it. i got my moneyy in $First Republic Bank (FRC.US)$
MonkeyGee : what a F up world we live in
70069193 : Keep doing ur research and you will see many elite people are agents.. Al Sharpton admitted to being one
Mcsnacks H TupackOP Rockhoundj: I don't get how the FED can even say this. The point of the standing reverse repo is that cash is always at hand for banks.
Mcsnacks H TupackOP Rockhoundj:
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