The Eccles Building Gang That Can't Even Peg (EFF) Straight

By giving funds to the dealers only, it intends to avoid any stigma on both ends; we are assured it is big name banks who are very clearly not in trouble that are taking up these “excess” reserves, and further we will never, ever know who the dealers might have further redistributed them to on an ad hoc emergency basis.

 

 

 

 

 

 

https://davidstockmanscontracorner.com/?p=350599&preview_id=350599&preview_nonce=60d39dd07c&preview=true

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.