Hacker News Reader

Last week US Fed bailed out hedge funds that were highly leveraged. $1.5 trillion transfer to save high net worth individuals. https://www.bloomberg.com/news/articles/2020-03-19/before-fe...

View on HN

The $1.5 trillion was a fund of one day fully collateralized loans, of which only ~$100 billion was actually used. There was no wealth transfer, just the fed following its mandate to keep interest rates on short-term loans within an acceptable band.

Here's the daily totals of repo loans:

https://apps.newyorkfed.org/markets/autorates/tomo-results-d...

Thank you for posting this, it's both informative and highly infuriating

Reply on news.ycombinator.com