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Five Alarm! Fed does $460 bln of reverse repos.

Summary:
They're putting reserves in, then turning right back around and taking them out. What kind of policy is that?

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They're putting reserves in, then turning right back around and taking them out. What kind of policy is that?
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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