The Fed's radical new bank band-aid

Recent bank failures are putting a spotlight on risky behaviors in the financial sector. The Federal Reserve is introducing a new way for banks to borrow money that's better for banks, but exposes the government to more cost and risk. Today, we explain the Bank Term Funding Program.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

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A bite-sized show about big ideas. From the people who make Planet Money, The Indicator helps you make sense of what's happening in today's economy. It's a quick hit of insight into money, work, and business. Monday through Friday, in 10 minutes or less.