Blog Posts
Why Are Banks Afraid To Lend To Each Other (Even Just For One Night?)
A few weeks ago, The Fed offered $75 Billion in the overnight repo market. $80 Billion was requested. Some bank (or combination of banks) needed $5 Billion overnight to remain solvent and they could not get the money. Now, the program is being expanded to $125 Billion. What is going on? Do banks not believe…
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