To: Oldeconomybuyer
I'm not sure if they qualify for the Federal Reserve's new BTFP program or not.
"Borrower Eligibility: Any U.S. federally insured depository institution (including a bank, savings association, or credit union) or U.S. branch or agency of a foreign bank that is eligible for primary credit (see 12 CFR 201.4(a)) is eligible to borrow under the Program."
I wouldn't have a problem if Credit Suiss did qualify. Because the BTFP requires as collateral securities that are already fully backed by the US government.
My only concern is how much the Federal Reserve has available for the BTFP program.
2 posted on
03/15/2023 4:24:50 AM PDT by
DannyTN
To: Oldeconomybuyer
3 posted on
03/15/2023 4:46:15 AM PDT by
BlackVeil
('The past is never dead. It's not even past.' William Faulkner)
To: Oldeconomybuyer
DOW futures now down 560, clearly because of Credit Swiss
6 posted on
03/15/2023 4:59:25 AM PDT by
C210N
(Everything will be okay in the end. If it’s not okay, it’s not the end.)
To: All
UPDATE: Credit Suisse shares tank over 30%
17 posted on
03/15/2023 6:22:49 AM PDT by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money)
To: Oldeconomybuyer
WTI oil down to $68 and change.
18 posted on
03/15/2023 6:26:16 AM PDT by
dynachrome
(“We cannot save Ukraine by dooming the US economy.” Rand Paul)
To: Oldeconomybuyer
The S&P 500 index is currently down 19.5% from its ATH.
20 posted on
03/15/2023 6:48:15 AM PDT by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Oldeconomybuyer
Well, at lest they tried to focus on their main priorities of diversity, equity and gay rights.
22 posted on
03/15/2023 7:00:00 AM PDT by
1Old Pro
To: Oldeconomybuyer
25 posted on
03/15/2023 10:00:25 AM PDT by
wastedyears
(The left would kill every single one of us and our families if they knew they could get away with it)
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