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LearningUS President Biden says no losses will be borne by US taxpayers, and money will come from insurance fund fees Investors in banks will not be protected

The Fed has introduced a 'Bank Term Funding Programme', which has USD 25bln of funds immediately available, and will allow banks to borrow from the Fed using Treasury bonds as collateral; the bonds will be valued at par.End Of Day Report March 13th

Darren Krett

Monday 13 March 2023

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US President Biden says no losses will be borne by US taxpayers, and money will come from insurance fund fees Investors in banks will not be protected

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