Discover and read the best of Twitter Threads about #DoddFrankAct
Most recents (2)
For many #ConstitutionalLaw scholars, last years' #Dobbs decision on #AbortionRights at the #SupremeCourt came as a dismaying shock, because it showed conclusively that #conlaw wasn't a realm of ideologically consistent intellectual foment, but rather, a matter of *politics*. 1/ 
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/03/25/con… 2/
pluralistic.net/2023/03/25/con… 2/
Writing for @CreditSlips, the #FinanceLaw scholar #AdamLevitin admits to feeling a bit of schadenfreude in that moment. The "blue collar" law scholars in "grubby" banking and money fields have always treated the conlaw set as "slightly clueless toffs":
creditslips.org/creditslips/20… 3/
creditslips.org/creditslips/20… 3/
1/17-💭What we're facing is a #TRUST crisis rather than a #BalanceSheet crisis. There’s been a lot of amalgamation between #BTFP and #QE, but they are different, and their consequences will be different as well. My thoughts 👇
#CreditSuisseBankruptcy #BankingCrisis #AllianceBlock
#CreditSuisseBankruptcy #BankingCrisis #AllianceBlock
2/17- 🏦 #BTFP (1):
- Involves banks depositing HTM bonds and AFS securities at the Fed as collateral against borrowing the At Par Value for 1 year
- Funds are likely to be used for immediate liquidity needs, backstopping bank runs and making depositors whole
- Involves banks depositing HTM bonds and AFS securities at the Fed as collateral against borrowing the At Par Value for 1 year
- Funds are likely to be used for immediate liquidity needs, backstopping bank runs and making depositors whole
3/17- 🏦 #BTFP (2) : Unlikely to result in new credit being extended, and banks are likely to tighten lending standards until the dust settles
- Velocity of money in the banking system should instead decrease, offsetting any increase in reserves
- Velocity of money in the banking system should instead decrease, offsetting any increase in reserves
