Banking System Gets Temporary Lifeline with QE | The Mike & Mario Show

The Federal Reserve's new bank backstop program is expected to inject up to $2 trillion in liquidity into the banking system, according to JPMorgan analysts. The Bank Term Funding Program is intended to prevent a firesale of sovereign debt to obtain funding and is expected to be attractive to a large number of institutions beyond those currently facing liquidity questions. Thanks for watching the Mike & Mario Show. Visit rethinkingthedollar.com to stay informed on the last in the news. Subscribe & click the 🔔 icon to be notified of future video uploads. Join us for the next live on-air and bring a topic. ✅ Get prepared with 4Patriots!!! Don't wait until SHTF. Make sure you have food, power & medical supplies. First-time buyers can save 10% at 4Patriots.com with code RTD. https://www.4patriots.com/rtd ✅ Staying plugged in with the dollar's demise has never been easier. Connect with RTD to stay in the mix 👉 https://www.rtd.news DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar." Views expressed in this video should not be relied on for making investment decisions or tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education and entertainment.