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The Bank Term Funding Program (BTFP) ends tomorrow.

gee an article that ends up being a shill for silver and gold... whoda thunk it...

And im sure the guy shilling the gold doesnt get a cut either...
 
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They'll stop making NEW loans Monday. Any banks that are tight would have rolled those into fresh loans last week.

Fed was already rotating into QE prior.

If something happens Monday, it won't be from this. If things get tight, they'll just turn on the extra printer again.
 
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Yes but the fact remains, it was started to control/stop bank failures a year ago, and ends tomorrow.

And if those banks that were using it werent being forced by the Fed during the past year to be winding out of their shitty "investments" they deserve to go broke... Also if people have deposits in accounts of more than the 200k the fed insures, they deserve to lose their ass also...

There is over 4800 banks in the USA that the FDIC insures... I dont give a shit about 10-20 of them that have a bunch of shitty "assets" that are worth negative 11ty billion dollars. There is a reason when some of these banks fail nobody will buy their assets, because they are garbage. FDIC should pay out the max and walk away from stupid...

But we all know they wont... and the banks know they wont...
 
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