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   Quentel (quentel@nicecrew.digital)'s status on Wednesday, 15-Mar-2023 00:34:55 JST Quentel

   in reply to

   • dew_the_dew
   Thanks for the link. This would mean that western bank investments are no longer exposed to time risk. This sends a dangerous message.
   
   Any country not friendly to western hegemony could easily weaponize this.
   • Embed this notice
     Quentel (quentel@nicecrew.digital)'s status on Wednesday, 15-Mar-2023 00:34:56 JST Quentel

     in reply to

     • dew_the_dew
     Has there been discussions about how they are going to get around the 250K rule that was set in-place by the FDIC? If that rule doesn't hold, then the people of the US are essentially insuring all deposits (foreign and domestic) for any bank operating within the US.
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     dew_the_dew (dew_the_dew@nicecrew.digital)'s status on Wednesday, 15-Mar-2023 00:34:56 JST dew_the_dew

     in reply to
     it's not the FDIC per se, it's the fed that bought the bonds (mostly mbs's) at face value so that the bank wouldn't have to sell them at market at a significant discount to get cash to cover withdrawals. for what it's worth, apparently the IMF is the final entity backstopping this not-FDIC-not-a-bailout operation. the net result is the same in regards to how it affects risk/reward for banking operations.
     
     https://nitter.lacontrevoie.fr/TyrantsMuse/status/1635083490256617474#m
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     dew_the_dew (dew_the_dew@nicecrew.digital)'s status on Wednesday, 15-Mar-2023 00:34:57 JST dew_the_dew
     https://twitter.com/RepThomasMassie/status/1635607562245615616