BitMEX co-founder Arthur Hayes: Financial institutions may restart the printing press to cope with more bank failures

ChainCatcher news, BitMEX co-founder Arthur Hayes commented on "FDIC and the Federal Reserve's plan to establish a fund to provide deposit support for banks," stating that financial institutions are getting closer to restarting the money printing machine, which they first attempted in 2008. "I suspect this time may follow a similar approach."

Earlier, ChainCatcher reported that, according to Bloomberg citing informed sources, the FDIC and the Federal Reserve are considering establishing a fund that would allow regulators to provide more deposit support for struggling banks following the collapse of Silicon Valley Bank. (Source link)