Remember last month when corporate media said financial conditions were loosening? ๐คก
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Federal Reserve Alert! 'Primary Credit' (the principal safety valve for ensuring adequate liquidity in the banking system) at 152.85B!!! for week of March 15th, up from 4.581B last week and up from 2.306B one year ago.
This is a change of 3.24K% from last week and 6.53K% from one year ago.
Good afternoon Superstonk, resident jellyfish back again and I would like to revisit our discussion, 'Primary Credit'--the principal safety valve for ensuring adequate liquidity in the banking system that has
Joint Statement by the Department of the Treasury, Federal Reserve, FDIC, and OCC: Today, 11 banks announced $30 billion in deposits into First Republic Bank.
Source: https://www.fdic.gov/news/press-releases/2023/pr23020.html
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SEC Alert! Special filing with Federal Register: SEC submits notice for the 11th CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, March 23, 2023.
Source: https://public-inspection.federalregister.gov/2023-05750.pdf
Recent CLOSED door meetings:
3/16: https://www.reddit.com/r/Superstonk/comments/11nvdb9/sec_alert_special_filing_with_federal_register/
3/9: https://www.reddit.com/r/Superstonk/comments/11gl0in/sec_alert_special_filing_with_federal_register/
3/2: https://www.reddit.
Commodity Futures Trading Commission (CFTC) Alert! CFTC Statement on Swaps Rules Implicated in Recent Bank Failures
To the extent that the transfer of QFCs that are swaps would cause them to be subject to certain swaps regulations will not bring enforcement action for violations from the transfers
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How did we get here? Reviewing how Credit Suisse, a bank that lost $7.8 billion last year, is being rescued by the Swiss National Bank that lost $143 billion last year. Spoiler Alert: it's the Fed.
Good morning, resident jellyfish back again! Folks seemed to appreciate the last recap and I have been seeing a few threads from folks trying to wrap their head around on what is transpiring with Credit Suisse and the Swiss National Bank over the past day or so:
https://www.reddit.
It's March Madness!!!! I wonder whose bracket gets busted next?!?!
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