Why do you think the Fed was making things up as they went along? The rules were... | Hacker News

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		dev_tty01 on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... Why do you think the Fed was making things up as they went along? The rules were written down years ago and they were followed in this case. https://www.fdic.gov/bank/historical/crisis/chap2.pdf

sanderjd on March 13, 2023 [–]

I think you may have missed the news last night. They just invented three brand new facilities within 72 hours of SVB collapsing. That is making it up as you go.

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