More Good News: Repos Fails Down Sharply
Now (with weekly change)
U.S. Treasury Securities:
Fails to Receive: $161 billion down $219 billion
Fails to Deliver: $132 billion down $244 billion
Post-Lehman Repos Fails
U.S. Treasury Securities:
to receive: $2.697 trillion
to deliver: $2.607 trillion
January 16th, 2009 at 6:00 am
Wow, now Bank of America has become a subsidiary of the U. S. government! And it was in October when Ken Lewis told us that the bank didn’t TARP money. And according to the press, by December he was begging Paulson for more money.
January 16th, 2009 at 6:10 am
Looks like BofA has been taken for a ride with the Merrill deal, Lewis vastly overpaid