yellen was on face the nation in the morning
by afternoon they were bailed out
she is not in charge
svb had all those treasury bills that were not worth what they paid because interest rates went up
a lot of other banks have them also
that is the net unrealized loss on the chart
the fed is going to loan the banks the full value on them
so no one else has to sell "at a loss" to cover cash flow from bank runs or any other reason
they are not just bailing out svb- they are bailing out ALL the banks
i think even nonbanks like hedge funds can even use it but i would have to look again
the repo window is wide open now and for a year term not just short term
>>18496699 me
looked again it is
"banks, savings associations, credit unions and other eligible depository institutions"
and they can pledge at full market value
"us treasuries, agency debt and mortgage backed securities"
any bad asset can be kicked down the road one year
and then reloaned another year?