Last week’s repo meltdown points to 2008 financial crisis & may lead to new bank crashes – Keiser Report ...News

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Last week’s repo meltdown points to 2008 financial crisis & may lead to new bank crashes – Keiser Report
Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis for these treasury securities,” Nik Bhatia of OpenNode.co and Tantra Labs told RT, defining repos as repurchase agreement loans that are secured by treasury collateral. He emphasized that while the treasury market itself is rather well-bid, the “treasury collateral was at a counter-p

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