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The original was posted on /r/Superstonk by /u/WhatCanIMakeToday on 2025-02-12 22:45:01+00:00.

For context, see the Federal Reserve Is BackStopping Shorts As The Lender Of Last Resort DD.

EDIT: $100M was also borrowed from The Lender Of LAST Resort on June 13, 2024; the day Roaring Kitty posted his 9M GME share YOLO update.

TADR

One of the core responsibilities of central banks is to act as “lender of last resort” to the financial system. In the U.S., the Federal Reserve has been operating as a lender of last resort through its “discount window” (DW) for more than a century. Historically, however, the DW has been plagued by stigma—banks’ reluctance to use the DW, even for benign reasons, out of concerns that it could be interpreted as a sign of financial weakness. [NY Fed: Can Discount Window Stigma Be Cured?]

Nobody wanted to use the discount window because they’d look broke so the Fed created a new borrowing option called the Standing Repo Facility (SRF) in July 2021, just 6 months after the GameStop Sneeze 🤧. The author of Central Banking 101, Joseph Wang, says “Another way to think about the SRF is as a type of Discount Window”.

For TWO DAYS IN A ROW, someone is borrowing $100M from the Lender of LAST RESORT.