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Fed Injects Liquidity Into Banking System

To protect us from more bank runs

The Fed and the U.S. Treasury came through pretty quickly with a rescue plan for SVB’s depositors. If you need a refresher on SVB’s collapse, read this. Pulling something out of its old 2008 playbook the Fed, through its new Bank Term Funding Program, promised to provide liquidity in order to make sure SVB depositors can access their…