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doverdr

03/13/23 10:25 AM

#119623 RE: doverdr #119612

"Separately, the Federal Reserve announced that it was creating a lending facility for the nation’s banks, designed to buttress them against financial risks caused by Friday’s collapse of SVB."
"Fed officials declined to provide a specific figure for the size of that new loan program, but made clear it would be large enough to cover trillions of dollars in potential requests."

does this sound like a bailout? Or more nationalizing of banks?