Unclear how that bailout happened, exactly. I think Credit Suisse got hammered on UK bond fiasco, and Federal Reserve did a $4B overnight transfer to Switzerland from what I understand. This article is mainly talking about the rapidly escalating interest payments as rates go up. For now it looks like they just keep printing and doing stealth bailout of banks (and UK directly or indirectly).
Is that the amount they used to bail out the UK?
Unclear how that bailout happened, exactly. I think Credit Suisse got hammered on UK bond fiasco, and Federal Reserve did a $4B overnight transfer to Switzerland from what I understand. This article is mainly talking about the rapidly escalating interest payments as rates go up. For now it looks like they just keep printing and doing stealth bailout of banks (and UK directly or indirectly).