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The Fed Created the Repo Market, then Ignored it [Ep. 273, Eurodollar University]

Eurodollar University

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Why Don't You Guys Talk About Repo?

By the 19 fifties, had gotten to the point where they were doing almost all repo their markt pan market desk was ina rough flea. There was more transactions in these repurchase agreements than there had been in simple open market operations. The federal reserve didn't want to talk about it in the 19 tens because it was a little squishy whether or not this was legal, and they didn't want anyone to look into it.

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