Are Banks Afraid to Enter the Repo Market Like in 2008?

Last week’s panic in the repo market resurrected images of a possible 2008 economic meltdown. That was when banks stepped away from the bourse causing Lehman Brothers and Bear Stearns to collapse. This obscure yet essential aspect of the U.S. financial system often runs smoothly in the background that it is often overlooked. It involves […]

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