GoldFix

GoldFix

Founders: BTFP Update

VBL's avatar
VBL
Jan 24, 2024
∙ Paid

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…

This post is for subscribers in the Founding Member plan

Already in the Founding Member plan? Sign in
© 2025 VBL
Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture