So in 2008 we had this #FinancialCrisis. Regulations were relaxed. Banks took on more and risk with less and collateral. We tightened regulations. Banks cried like babies. They lobbied and lobbied. Laws were changed. Banks took on more risk with less collateral and now we are seeing the results. #FinancialCrisis2023

https://www.nytimes.com/live/2023/03/16/business/banking-crisis-stocks-market-news/heres-the-latest-on-credit-suisse?smid=url-share

Fed announced Sunday additional funding will be made available through the creation of a new Bank Term Funding Program #BTFP, offering loans of up to 1 yr in length to banks, savings associations, credit unions, other eligible depository institutions pledging US #Treasuries, #AgencyDebt, #MortgageBacked #securities #MBS. These assets will be valued at par. BTFP will be an additional source of liquidity against high-quality securities https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm #FinancialCrisis2023 #SystemicRisk