Godlike Productions - Reply to Thread

Users Online Now: 2,149 (Who's On?)	Visitors Today: 1,968,354
Pageviews Today: 2,906,568	Threads Today: 796	Posts Today: 16,477
11:39 PM

REPLY TO THREAD

Subject The Federal Reserve Bank of New York said Wednesday that it would increase the size of its overnight repo operations to $120 billion from the cur

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

Original Message The Fed announcement came without explanation. Recent Fed offerings for the short term repurchase agreements, or repos, have been oversubscribed, meaning banks sought more liquidity than the Fed was prepared to provide.

On Tuesday, the Fed injected nearly $100 billion in combined overnight and slightly-longer term loans to banks.

Senator Elizabeth Warren recently addressed a letter to Treasury Secretary Steven Mnuchin in his role as chair of the Financial Stability Oversight Council, asking for an explanation for why banks have recently required these huge daily cash infusions.

50%.....

[link to www.breitbart.com (secure)]

Pictures (click to insert)





\| Next Page >>