Wake up. 1.5 Trillion Circuit Breaker is socialism for Wall Street scams. You get no test kit, you don’t get a hospital bed. They get a bailout with no checks and balances.

The New York Fed said in a Thursday statement it will drastically increase the scale of its repurchase (repo) agreements, during which it buys Treasury bonds and other securities from banks and traders with an agreement to sell the product back with interest the following day or soon after.

these are just “loans”, that the banks need to repay within a very short period of time.

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h/t Lumyai