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zenmaster10665

182 karma · joined August 24, 2018

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zenmaster10665··on NY Fed rescues overnight lending market with $53B
How so? This is the result of a glut in treasuries and a lack of dollars in money market funds.
zenmaster10665··on NY Fed rescues overnight lending market with $53B
This isn't a bailout. The Fed is there for this specific reason, to ensure the market functions smoothly. The money injected into the repo market ensured that things ran smoothly. I would think they would simply unwind the repo positions as normal when the forcing factors on the market resolve... With no money lost or won...

Think of it as lubrication for a system that is a bit squeaky in some places.

zenmaster10665··on Hubble is back
"so we just gave it a shake et voilà!"

- some NASA scientists, probably

zenmaster10665··on Remote Code Execution on a Facebook server
Completely agree - engaging and concise
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