Anonymous ID: e9afd7 Jan. 15, 2023, 4:09 p.m. No.18151351   🗄️.is đź”—kun

>>18151312

There was a bit of a banking crisis in Aug, 2019, because of JPM fuckery, withdrew from the repo market. Took "Their" Treasuries and went home. Caused a nice collateral squeeze.

 

Now the Fed's doing it to them with ReverseRepo, by NOT keeping it within the Primary Dealer list. Opened it up to money market funds, thus making THEM healthier (no breaking the buck on JPow's watch), and removing over $2 Trillion in collateral from traders' reach. Very healthy move for the system. Caused over leveraged trades to collapse, commodities in July of '22, Crypto this year end. Bad leverage going blooie.

 

Next up? Uncle Larry's little shop of horrors.