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John Cougar Melonballer

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Posts posted by John Cougar Melonballer

  1. 4 hours ago, gsoda3 said:

    there's a practical explanation for the 4pm eastern cutoff time.  the FHLB doesn't have a vault filled with cash (physical or digital) it calls upon in times like this.  to raise the money it has to issue debt which can only be done during market hours.  guess what time the market closes.

    is it 4 pm

  2. 1 hour ago, HamsterHookah said:

    Was reading today how the older and archaic infrastructure and process/policies of the Fed was one of the reasons SVB couldn’t use the mechanisms in play to save itself, to save itself, which is kind of funny.

     

    That honestly sounds like some technobro bullshit.

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