Jaypow and Bad Burl Yellen will be printing money very soon. $NYCB annc a "surprise" loss driven by loan loss reserves rising 10x vs. estimates. Guess the banks ain't fixed.
10-yr and 2-yr yields plunged signaling the market expects some sort of renewed bankster bailout to fix the rot.
BTFP and discount window won't help as CRE and multi-family resi loans are not eligible collateral ... yet.
Expect $BTC to swoon a bit, but if $NYCB and a few others dump into the weekend, expect a new bailout right quick. Then $BTC off to the races just like March '23 price action.