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Founders: BTFP Update

Founders: BTFP Update

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VBL
Jan 24, 2024
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Founders: BTFP Update
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Most of us know, at this point the BTFP vehicle is being used as a tool for banks with underwater loans and bonds to be able to use them at face as collateral.

The BTFP vehicle was created to stave off spreading bankruptcy risk post the SVB debacle.

Had it not been created, some banks with underwater long-term loans (“upside down”) on their loan books wo…

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