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Warren Grills Treasury Secretary Mnuchin On Federal Reserve Repo / Overnight Lending

Sen. Elizabeth Warren is pressing Treasury Secretary Steven Mnuchin for answers on recent events in the overnight lending, or repo, markets.

In a letter, the Democratic presidential candidate says she worries banks will use the issue as an excuse to get financial regulations eased.

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Entire financial system is a ponzi scheme :  http://www.youtube.com/watch?v=_gIJg86aL8M

Late 2019 Economics: We've never seen anything like this. Not even under Obama
Trump is outspending Obama by exponents in a shorter period of time.
 http://portland.indymedia.org/en/2019/10/437849.shtml

Explainer: The Federal Reserve Has A Repo Problem. What's That?
 http://portland.indymedia.org/en/2019/10/437842.shtml
 link to markets.businessinsider.com

Elizabeth Warren grilled Treasury Secretary Mnuchin about the billions the Fed has injected into the market and warned him against easing bank regulations

Ben Winck
Oct. 22, 2019, 11:57 AM

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Pablo Martinez Monsivais/AP
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Sen. Elizabeth Warren sent a letter to US Treasury Secretary Steven Mnuchin on Friday warning him to not ease bank regulations following September's liquidity scare.

The Democratic primary front-runner asked Mnuchin what he thinks caused the spike in short-term lending rates, and why the Federal Reserve might continue with its capital injections when banks are bringing in record profits.

Though recent Fed actions have calmed the short-term rate, Warren said major banks' reliance on central bank intervention sets a dangerous precedent reminiscent of the Great Recession.



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 link to www.cnbc.com

Elizabeth Warren pushes Treasury Secretary Mnuchin for answers on overnight lending issues

Published Tue, Oct 22 201911:45 AM EDTUpdated 6 hours ago
Jeff Cox

Key Points

Sen. Elizabeth Warren is pressing Treasury Secretary Steven Mnuchin for answers on recent events in the overnight lending, or repo, markets.

In a letter, the Democratic presidential candidate says she worries banks will use the issue as an excuse to get financial regulations eased.



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Federal Reserve just increased QE 23.Oct.2019 16:58

Gregory Mannarino

BREAKING: The New York Fed announced it is increasing its temporary overnight repo operations to AT LEAST $120 billion a day from the current $75 billion.

In addition to the repo increase, term repo operations are rising to AT LEAST $45 billion, from $35 billion..This IS STOCK MARKET POSITIVE..

The system demands exponential/ever expanding debt.. it is NEVER enough.

Why is The Fed. increasing the Repo/other purchases/QE? SIMPLE: The system is running out of liquidity.. they are desperate to prevent a credit freeze/complete lock up of the financial system.. complete meltdown. (Please share).


 https://steemit.com/money/@marketreport/fed-just-increased-qe-by-gregory-mannarino