They do but I still think it is new money. Let me get a source for you. The obfuscation is intentional.
Furthermore, the depositors at SVB are getting 100% Foreign banks are eligible for BTFP loans. The Fed can't just sell all the MBS for cash, that would drive those prices down
An unsecured loan from the Fed is always new money as far as I understand it. This may even be illegal actually.
@ojas, a fellow member of 1729 (The Network State) whipped up a quick link to the BitSignal. ==> bitsignal.one
Yes, he's looking for people to informally test right now. https://warpcast.com/dwr/0x106eec
@ojas (The Network State) whipped up a quick link to the BitSignal. ==> bitsignal.one
Oh no, I was invited by grin. He just posted something asking for people to test it informally
They are buying debt at par with 100% margin. They are creating money. If I have a collateral trading at $1 they will give me $2 for it
The QR link experience was intuitive for the most part except it took me a moment to realize that the camera app wasn't going to come up in the app. But if this is for permissions sake then I definitely prefer it this way. You may be able to clarify on the instructions
if you are talking about the web app i'm testing it on Linux for Mr. Romero right now
Warpcaster lags for me big time occasionally to the point where I can't use it
Sounds like circulation credit to me. Do you have my deposit or not bro?!