system
A chat on subreddit /r/wallstreetbets
human
They're getting one day loans secured by more collateral than the loans are worth at around 2%.. again, they could sell assets that haven't matured yet but instead of doing that they're using them as collateral to get loans from the Fed. 
  
 I know it sounds crazy, but loaning money to banks to alleviate financial stress is literally the reason the Fed exists in the first place.

gpt
One-day loans for one-month for all intents and purposes isn't different from a one-month loan. Let's call it what it is. A bailout. It's no different than the bailout loans from 07-08. The liquidity issues are exactly the same.