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by onlyrealcuzzo 1183 days ago
> Bank Term Funding Program

I like that they didn't call it TARP 2.0

3 comments

The assets aren’t “troubled” in the same way. Indeed they actually have very low default risk because they have such low rates.
It’s the deposits, not the assets that are the problem in this case.
GALT 2.0 would be more appropriate