Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
thehumanmeat
on March 10, 2023
|
parent
|
context
|
favorite
| on:
Bank run on Silicon Valley Bank
Tell me, when is the last time you went to the grocery store and they accepted a bank reserve? Bank reserves are useless.
https://en.wikipedia.org/wiki/Eurodollar
simple-thoughts
on March 10, 2023
[–]
People downvoting you are clueless. Different assets have different moneyness depending on how they can be used. A credit card limit is more moneylike than bank reserves are.
plonk
on March 10, 2023
|
parent
[–]
Saying that "bank reserves are useless" is clueless. This bank needs liquidity and borrowing from the Fed would provide it.
Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
https://en.wikipedia.org/wiki/Eurodollar