
Banks: The Big Picture
The Macro Trading Floor
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The Fed Facility and the Liquidity Crisis
There are basically two ways you can post collateral at the Fed and get funding. This week, what we saw is a shift between the discount window and the new year's facility created by the Fed. The fact that this facility exists does not make you comfortable that the liquidity crisis is hard to engineer,. Do you think there is still a way that this could turn into a systemic liquidity crisis? No.
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