It’s a $1.5+ Trillion Bankers’ Bailout, the Rest is Just Pure Noise | Covert Geopolitics

It’s a $1.5+ Trillion Bankers’ Bailout, the Rest is Just Pure Noise | Covert Geopolitics

The Fed will offer up to $75 billion a day in repurchase agreements — exchanging secure assets for cash for very short periods — through October 10, it said in a statement.

In addition, it will offer three 14-day “repo” operations of at least $30 billion each.

Banks have struggled in recent days to find the cash needed to meet reserve requirements which has pushed up short-term borrowing rates, prompting the New York Fed to pump billions into US money markets with repo operations over the past four days.

via It’s a $1.5+ Trillion Bankers’ Bailout, the Rest is Just Pure Noise | Covert Geopolitics

The crash may have just begun… We will see.

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