[GOPJ]

I do not know how much banks have been relying on, and in need of BFTP...

Let's hope it's ending because it was 'too much of a good deal'... and not some of the other options.

[C210N]

It’s ending at a time of higher interest rates, with the FED between a rock and a hard place (can’t really raise ‘em, can’t really lower ‘em), and tremendous amount of bank assets under water due to the rapid interest rate rise. If a bank has to liquidate assets to cover depositors, they will take huge losses.

“U.S. bank profits drop 44% in Q4 as big firms cover failed bank costs “, story 3 days ago.

Powell last week said to expect more bank failures.

NYCB got a $1B bailout last week.