When the going gets tough, the Fed takes a dive. After the crisis of 2008, the feds insisted that the banks hold more reserves. They were told to buy safe, government debt – T-bonds. The Treasuries were supposed to be financial ballast, designed to keep the banks safe in a market squall. A storm blew up last week. Now loaded up with Treasury debt, banks are
The banks wobble again
Mar 24, 2023
2 minutes
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