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   Theodore John Kaczynski (unabomber@social.here.blue)'s status on Sunday, 17-Dec-2023 12:43:01 JST Theodore John Kaczynski
   As bond prices fall, banks, pension funds, money market funds who keep most of their money in these bonds do not enough have enough to honor withdrawals and transfers. So they deposit it inside BTFP where the central bank mark these bonds at a different price and make it look like these banks, pension funds etc are solvent. This is similar to a QE
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     мрман (Колорадо) придурок (mrman@noagendasocial.com)'s status on Sunday, 17-Dec-2023 14:16:08 JST мрман (Колорадо) придурок

     in reply to

     • Sir Teetse

     @unabomber
     That's my thoughts. No such thing as a temporary government program
     @Almondee

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     Theodore John Kaczynski (unabomber@social.here.blue)'s status on Sunday, 17-Dec-2023 14:16:09 JST Theodore John Kaczynski

     in reply to

     • Sir Teetse

     @Almondee

     What happens in March ‘24 when the loans are up?

     They use BTFP again for another year

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     Sir Teetse (almondee@noagendasocial.com)'s status on Sunday, 17-Dec-2023 14:16:10 JST Sir Teetse

     in reply to

     @unabomber
     I had to look this up because it sounds so stupid.
     "The Bank Term Funding Program (BTFP), announced by the Federal Reserve Board in March 2023, offers loans of up to one year in length to banks, savings associations, credit unions and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities and other qualifying assets as collateral. These assets will be valued at par."
     What happens in March '24 when the loans are up?