Hello fellow rebel capitalists hope you're well so we know the bailouts have arrived

But what are the details? How are these bailouts going to work? Are the taxpayers going to be on the hook?

And what does this mean for moral hazard moving forward?

What are the banksters going to do now, knowing that the Fed has set up this brand

new facility to basically bail them out.

Is their risk management department going to turn into

some sort of YOLO strategy, which I think is probably

the end game here.

Let's shoot over to the Fed's website

and get the specific details.

And we'll try to connect some dots.

So this press release, March 12th, Federal Reserve Board announces it will make

available additional funding to eligible depository institutions, i.e. banks, to

help assure banks have the ability to meet the needs of their depositors.

Okay, that sounds all fine and dandy until you actually think through the second and third order effects, into that moment to support American businesses and households.

You know I love these press releases by the Federal Reserve because they always start off by saying, you something that is inspiring you know to to help

businesses and households they did this during the surveys of sickness when they were

sitting up all those like milf facilities that we're doing this to support

lending and banking in the American economy. Go USA. It's always start with something just totally cheesy and ridiculous like that.

The action will bolster the capacity of the banking system to safeguard deposits and

ensure, and again, as Milton Friedman has taught us over and over and over again, Ron Paul, throw him in there as well.

Dr. Thomas Sol, that the results of a specific government policy or central planning policy very very rarely

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