The interesting thing in the US (from what I have gathered) is that a few top banks provide 100% bank balance insurance (over the $250k limit on normal banks) but they pay 0% interest. Therefore I guess this $1.5t won't be sitting in the regional banks.
Maybe a good way for those banks to have the funds available for when the others start to topple.
For anyone interested, the gap created in March nearly got filled but didn't quite make it. An interesting strategy of I think I can, I think I can... but doesn't.
Societe Generale outlines new strategy, targets slower growth and reduced oil-and-gas exposure (msn.com)
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