Comment Comment by hammock “Federal reserve note”You are taking this too literally anyway. I know they don’t backstop jack squat but in practice there is a fed put.Have a conversation with me, don’t be a pedant.If you are saying they will lend last resort against treasuries you should know there are $40 trillion of those outstanding…How about what’s the amount from banks that the fed would willing lend as a last resort? parent hammock 1 month ago
You are taking this too literally anyway. I know they don’t backstop jack squat but in practice there is a fed put.
Have a conversation with me, don’t be a pedant.
If you are saying they will lend last resort against treasuries you should know there are $40 trillion of those outstanding…
How about what’s the amount from banks that the fed would willing lend as a last resort?