The Lehman Playbook Is Back: Fed Announces Bailout Of Commercial Paper Market
Mar 17th 2020 10:55am EDT
The Lehman Playbook Is Back: Fed Announces Bailout Of Commercial Paper Market It was supposed to be announced late on Sunday, but instead Powell hoped that the bazooka of QE/ZIRP/FX swaps would be sufficient to ease the funding panic. It wasn’t, and instead, with a 2-day delay, moments ago the Fed announced that, just as […]
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