Unlike me who is constantly broke. The Fed solved that problem...

  1. 8,232 Posts.
    Unlike me who is constantly broke.
    The Fed solved that problem by removing the rule of "mark to market" during and after GFC.
    Bernanke provided unlimited liquidity to markets.
    At the time, commercial banks provided funds for HFs for fx leverage.
    Times are changing.
    Many people are broke...constantly. I truly hope that none who post here are in that situation.
    One note:
    During the time Lehman was going down ...dealers have gone home and nobody was minding commercial bank desks.
    This time ....all the major banks will be open (the desks) during UK's referendum vote. No weekend off.
 
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