Banking System Gets Temporary Lifeline with QE | The Mike & Mario Show - a podcast by RTD

The Federal Reserve's new bank backstop program is expected to inject up to $2 trillion in liquidity into the banking system, according to JPMorgan analysts. The Bank Term Funding Program is intended to prevent a firesale of sovereign debt to obtain funding and is expected to be attractive to a large number of institutions beyond those currently facing liquidity questions.

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