Fed spending $700 million a day to prop up the banks

[Hawkeye10]

https://twitter.com/x/status/1715197998597124547

The Fed used to make profits and sent those profits to the US Treasury each year. It was usually billions of $$$ per year.

Now because of reverse repos and interest paid on reserves to commercial banks, the Fed is paying something like $700 million PER DAY to commercial banks to keep the system from falling apart.

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Buckle Up.

 

[Lightbringer]

https://twitter.com/x/status/1715197998597124547

The Fed used to make profits and sent those profits to the US Treasury each year. It was usually billions of $$$ per year.

Now because of reverse repos and interest paid on reserves to commercial banks, the Fed is paying something like $700 million PER DAY to commercial banks to keep the system from falling apart.

------------------------------------------------------

Buckle Up.

What do you think a reverse repo is?