And now CNBC is copying my “Repo Madness” phrase!
The central bank will offer a total of $55 billion in longer-term loans. Two operations lasting 42 days will take place on Nov. 25 and Dec. 2. One operation lasting 28 days will be offered on Dec. 9, according to a schedule released Thursday. That compares with a more typical term of about 14 days previously offered.
The Fed Has Created the Big Lie for Congress on its Repo Loans while the New York Fed Blocks Freedom of Information Requests
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