America’s banks are missing hundreds of billions of dollars
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Re: America’s banks are missing hundreds of billions of dollars
#2Re: America’s banks are missing hundreds of billions of dollars
#3[flagged]
Re: America’s banks are missing hundreds of billions of dollars
#4I’d managed to miss the memo that money market funds have such high rates now. I’ll have to consider doing the same, honestly…
Re: America’s banks are missing hundreds of billions of dollars
#5[flagged]
Re: America’s banks are missing hundreds of billions of dollars
#6When was the last time anyone checked what percentage gold their gold bars are?
Re: America’s banks are missing hundreds of billions of dollars
#7turns out you can lower interest rates, you just can't raise them again uwu
Re: America’s banks are missing hundreds of billions of dollars
#8I’d managed to miss the memo that money market funds have such high rates now. I’ll have to consider doing the same, honestly…
Yeah, I had like $4k left in a brokerage account. Then one month I noticed ~$100+ dropped in there and I was like WTF? That's 10x what I see in my savings account for the same amount of money just sitting there! So my money market is now my savings account. The risk is that you could lose your principal...but I guess not anymore!?! Thanks SVB, FRC, et al.
Re: America’s banks are missing hundreds of billions of dollars
#9[flagged]
Not a great summary of the article. It just barely touches on reverse repo lending which is the core of the linked article.
Re: America’s banks are missing hundreds of billions of dollars
#10“The scheme was a seemingly innocuous change to the financial system’s plumbing that may, just under a decade later, be having a profoundly destabilising impact on banks.”
Innocuous only to the fools at the Fed, I suppose. Outlets like ZeroHedge have been watching this for years, carefully documenting the transformation of the RRP facility from an “emergency” stabilization measure into a deposit roach motel.