Is This a Crypto Banking Bailout?
© Copyright Image: Crypto Breaking News
Meanwhile, the Federal Reserve is giving out its one-year loans to banks, letting them pledge Treasuries and other high-quality assets at face value. So, if a bank needs cash quickly to pay for customer withdrawals, they won’t have to race out and sell their assets at a loss. The Fed isn’t funded by federal appropriations, so this program won’t directly come out of taxpayer pockets, either.
Source: CoinDesk
The post Is This a Crypto Banking Bailout? appeared first on Crypto Breaking News.
Read more: https://www.cryptobreaking.com/is-this-a-crypto-banking-bailout/
Text source: Crypto Breaking News
