Damage Done: Top 1% Depositors Receive Treasury Bailout, But Confidence Already Shaken!

The panic gene has already been released, and the #panic has already spread across the world in the last 48 hours. The prospect of suffering significant losses going into this coming week has alarmed pension funds, tech companies, and venture capitalists. The Bank Term Funding Program (#BTFP), a new bail-out tool that offers loans to the extremely wealthy above $250,000, won't be sufficient to restore trust in a #financialsystem that is still in freefall.

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#TreasuryRescue #FinancialCrisis #BreakingNews #FederalReserve #BankTermFundingProgram #BTFP #ExchangeStabilizationFund #TreasurySecretary #FDIC #SiliconValleyBank #SignatureBank #liquidity #discountwindow #financialstability #financialsystem #economicrecovery