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http://iamfacingforeclosure.com/viewnews/2009-06-22_Fedplansrepomarketsrevamp.html
The US Federal Reserve is considering dramatic changes to the giant repurchase – or repo – markets where banks around the world raise overnight dollar loans. The plans include creating a utility to replace the Wall Street banks that handle transactions, people familiar with the matter say.
The US Federal Reserve is considering dramatic changes to the giant repurchase – or repo – markets where banks around the world raise overnight dollar loans. The plans include creating a utility to replace the Wall Street banks that handle transactions, people familiar with the matter say.
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