by What a bunch of duplicitous and dishonest pieces of garbage these people are...How many months have we been told that they had to increase the Reserve Assets at the Depositories with all the "repo!" BS ever since September... covering up their incompetence where they had a requirement of 10% of Deposits and Deposits were T so they reduced THEIR OWN RESERVE balances below .3T and created a Reserve deficiency...So they go for months trying to create this big smokescreen about 'Reserves!" and adding all these nonrisk assets to Depositories... like it was a real technical issue or something...Now in the middle of "virus!" armageddeon they just come out one day and say "well... now the requirement is ZERO!"..Why didnt you just do this in September then assholes?????These are some of the
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What a bunch of duplicitous and dishonest pieces of garbage these people are...
How many months have we been told that they had to increase the Reserve Assets at the Depositories with all the "repo!" BS ever since September... covering up their incompetence where they had a requirement of 10% of Deposits and Deposits were $13T so they reduced THEIR OWN RESERVE balances below $1.3T and created a Reserve deficiency...
So they go for months trying to create this big smokescreen about 'Reserves!" and adding all these nonrisk assets to Depositories... like it was a real technical issue or something...
Now in the middle of "virus!" armageddeon they just come out one day and say "well... now the requirement is ZERO!"..
Why didnt you just do this in September then assholes?????
These are some of the most incompetent and dishonest people on planet earth... if our medical and healthcare people were like this we would soon all be dead...
These people should all be shit canned like yesterday....
? The Federal Reserve eliminates banking reserve requirements starting tomorrow where banks are no longer required to keep any cash reserves to secure deposits (previously 10%)— CryptoCurrency News (@CryptoBoomNews) March 25, 2020Time For Plan ₿ pic.twitter.com/6MhMIvfQw3