Mnuchin: “I think the concern is that the New York Fed is not supporting the repo market. They ARE the repo market. I think that’s the challenge.”
via wallstreetonparade: When it comes to Wall Street’s mindset, the thinking is that it’s legal if you can get away with it. That mindset seems to have captured the Federal Reserve Bank of New York which secretly pumped trillions of dollars into insolvent banks in violation of its statutory mandate during the financial crisis; is alleged … Read more