Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - *Updated* Ongoing Bank of Canada Benchmark Rate Announcements

opendoor · 03-12-2023, 08:14 PM

I don't know if what the Fed and FDIC did changes a whole lot in the broader context, though maybe they'll announce more. The FDIC is covering depositors (that likely would've been fine anyway) in a way that might not be able to be replicated if there are wider issues. And the Fed's new Bank Term Funding Program only has $25B in funding; that's obviously not going to provide a whole lot of liquidity when we're talking about something like $20T in deposits.

03-12-2023, 08:14 PM	#1127
opendoor Franchise Player Join Date: Apr 2007 Exp:	I don't know if what the Fed and FDIC did changes a whole lot in the broader context, though maybe they'll announce more. The FDIC is covering depositors (that likely would've been fine anyway) in a way that might not be able to be replicated if there are wider issues. And the Fed's new Bank Term Funding Program only has $25B in funding; that's obviously not going to provide a whole lot of liquidity when we're talking about something like $20T in deposits.