CNBC Asia: the “net worth” of the US Federal Reserve is $-1.1 Trillion dollars due to essentially the same funding/investing mismatch that took down SVB. So the only way for the Fed to backstop the system is to print money. - Upgoat

CNBC Asia: the “net worth” of the US Federal Reserve is $-1.1 Trillion dollars due to essentially the same funding/investing mismatch that took down SVB. So the only way for the Fed to backstop the system is to print money.
submitted by FuckShitJesus to FinancialNews 2.1 yearsMar 13, 2023 07:47:03 ago (+2/-0) (www.cnbc.com)
https://www.cnbc.com/video/2023/03/13/dick-bove-discusses-silicon-valley-banks-collapse.html

Goddamn some serious truth here.

So much for full faith in credit.

There doesn't seem to be anything here yet