Arthur Hayes: The Federal Reserve providing dollar swap lines to other central banks is a form of bailout

ChainCatcher news, BitMEX founder Arthur Hayes tweeted that the Federal Reserve providing dollar swap lines to other central banks will help reduce the selling of government bonds into the liquidity market, which can rescue small banks in the United States.

The process of this solution is: the Federal Reserve provides dollar swap lines to major central banks like the European Central Bank, which allows EU banks to provide government bonds at face value to them. The European Central Bank provides dollars to the banks, which can handle any dollar deposits and withdrawals. (source link)