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Jesup, IA | I think the second article says that the broker dealer system has had its usual deep well of treasuries to borrow temporarily from the Fed to meet short term obligations (liquidity based) when it needs to make settlements.
If I might read between the lines, is it the result of the fact the Fed owns about a third of all treasuries now and just fires up the printing press when it needs to, thus, it carries no inventory?
If I'm not making sense, the term "House of Cards" comes to mind. Maybe that describes it better. The person hext to you at the Monoply table wants to borrow some money from you to buy Park Place, but in order to lend it to them, you have to get some paper, a scissors, and make it. | |
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Some banking help please
